XL Bermuda definition

XL Bermuda means XL Insurance (Bermuda) Ltd., in its capacity as a D&O Insurer.
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XL Bermuda means XL Insurance (Bermuda) Ltd, a company organised under the laws of Bermuda;
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Examples of XL Bermuda in a sentence

  • Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Account Party and its respective consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP or (in the case of XL Bermuda or XL Re) SAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in Clause (B) of the first sentence of this paragraph.

  • In the event that XL Bermuda ceases to receive a financial strength rating from A.M. Best & Co. (or its successor), XL Bermuda shall no longer be entitled to request (i) the issuance of further Letters of Credit hereunder or (ii) the borrowing of Loans hereunder.

  • XL Bermuda directly owns 100% of the equity interests of XL Investments and indirectly owns 100% of the equity interests of XL Global.

  • EXHIBIT C [Form of Confirming Lender Agreement] [Letterhead of Issuing Lender] [_____] [Name of Confirming Lender] [Address] Ladies and Gentlemen: Reference is made to the Unsecured Credit Agreement dated as of [__], 2016 (as amended, restated, modified or otherwise supplemented from time to time, the “Credit Agreement”), between XL Group Ltd, XLIT Ltd., X.L. America, Inc., XL Bermuda Ltd, XL Re Europe SE, XL Insurance Company SE, XL Life Ltd, Xxxxxx Insurance Company (UK) Ltd, Xxxxxx Re Switzerland Ltd.

  • XL Bermuda may be deemed to have an indirect pecuniary interest (as described in Rule 16a-1 promulgated under the Securities Exchange Act of 1934, as amended) in the shares held by XL Investments, its wholly owned subsidiary.

  • An excess liability policy with XL Bermuda provides limits of $25 million per occurrence.

  • Hamilton, Bermuda - September 12, 2017 - XL Group Ltd (“XL” or the “Company”) today announced that the Bermuda Monetary Authority (“BMA”), XL’s group supervisor, has approved the use of a full internal model (“ICM”) to calculate the Company’s and its wholly owned subsidiary, XL Bermuda Ltd’s, respective enhanced capital requirements (“ECR”) in substitution of the Bermuda Solvency Capital Requirement (“BSCR”) standard formula.

  • This Form 4 is filed on behalf of XL Bermuda Ltd, a Bermuda limited liability company (formerly known as XL Insurance (Bermuda) Ltd) (“ XL Bermuda”), and XL Investments (together, the “Reporting Persons”).

  • Syndicate 1919 Syndicate 4020 Syndicate 2468 Syndicate 4472 Syndicate 5000 Syndicate 2007 Syndicate 2987 Syndicate 1225 B0753PE090274400 p/o $200 M xs $550 M Syndicate 1221 XLUMB-710368 RIG-1239/XS004 BDA02-2009-0010 RIG-060/CUBL004-09 $250M xs $750M XL Bermuda ACE Torus Canopius Policy/Layer, cont.

  • In the event that XL Bermuda ceases to receive a financial strength rating from A.M. Best & Co. (or its successor), XL Bermuda shall no longer be entitled to request the issuance of further Letters of Credit hereunder.

Related to XL Bermuda

  • GIB means General Instructions to Bidders

  • Asia means Afghanistan, Australia, Bangladesh, Bhutan, Brunei, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Kyrgyzstan, Laos, Macau, Malaysia, Maldives, Mongolia, Myanmar, Nepal, New Zealand, North Korea, Pakistan, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam.

  • BVI means the British Virgin Islands.

  • Mauritius means the Republic of Mauritius and includes:

  • Intermediate Holdco as defined in the preamble to this Agreement.

  • NCLT means the Hon’ble National Company Law Tribunal, Kolkata Bench;

  • Ireland means the Republic of Ireland.

  • Crown means the government of the United Kingdom (including the Northern Ireland Assembly and Executive Committee, the Scottish Executive and the National Assembly for Wales), including, but not limited to, government ministers and government departments and particular bodies, persons, commissions or agencies from time to time carrying out functions on its behalf;

  • MFET Limited means the company limited by guarantee (number 7121661) of that name, established for the purpose in particular of making payments in accordance with arrangements made with the Secretary of State to persons who have acquired HIV as a result of treatment by the NHS with blood or blood products;

  • PLC means Programmable Logic Controller;

  • financial holding company means a financial institution, the subsidiary undertakings of which are either exclusively or mainly credit institutions or financial institutions, at least one of such subsidiary undertakings being a credit institution, and which is not a mixed financial holding company within the meaning of Article 2(15) of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (1);

  • Bidco means a business and industrial development company licensed under this act. The term includes a business development enterprise.