A.M. Best Withdraws Issuer Credit Rating of Catlin Underwriting

A.M. Best has withdrawn the issuer credit rating (ICR) of Catlin Underwriting (CU) (United Kingdom), a non-operating intermediate holding company that is part of XL Group Ltd (XL) (Bermuda) [NYSE: XL], as the company has requested to no longer participate in A.M. Best’s interactive rating process.

The rating withdrawal follows the public dissemination on 3 August 2016, in which the ICR was upgraded to “bbb+” from “bbb” and the outlook revised to stable from positive. The upgrade reflected A.M. Best’s view that, if needed, XL would support this entity.

This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2016 by A.M. Best Rating Services, Inc. ALL RIGHTS RESERVED.

Contacts:

A.M. Best
Greg Reisner, +1 908 439 2200, ext. 5224
Assistant Vice President
greg.reisner@ambest.com
or
Anthony Silverman, +44 207 397 0264
Senior Financial Analyst
anthony.silverman@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com

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