XL Group plc Announces its Preliminary Loss Estimate for Storm Sandy

     XL Group plc Announces its Preliminary Loss Estimate for Storm Sandy

PR Newswire

DUBLIN, Ireland, Dec. 12, 2012

DUBLIN, Ireland, Dec. 12, 2012 /PRNewswire/ -- XL Group plc ("XL" or the
"Company") (NYSE: XL) today announced its preliminary net loss estimate
related to Storm Sandy of $350 million, pretax and net of reinsurance and
reinstatement premiums. Approximately 60% of the Company's estimated loss
relates to the Reinsurance segment.

Within the Reinsurance segment, the loss estimate is comprised of
approximately 20% for Marine and 80% for Property Reinsurance, including
catastrophe treaty, per risk treaty and facultative exposures. Within the
Insurance segment, the loss estimate is comprised of approximately 15% for
Specialty lines, including Marine, Fine Art and Specie, and 85% for Property.
This loss estimate is in line with the Company's expectations given the
potential size of this event to the insurance industry as commented on by the
Company during its third quarter earnings call on November 5, 2012.

The Company's estimate is based on its review of individual treaties and
policies expected to be impacted, along with available client data. This
preliminary estimate involves the exercise of considerable judgment. Given
that the facts are still developing, as well as the complexities of the nature
of the event, there is considerable uncertainty associated with the loss
estimate of the event and such estimate is accordingly subject to revision as
additional information becomes available. Actual losses may differ materially
from this preliminary estimate.

About XL Group plc

XL Group plc, through its subsidiaries, is a global insurance and reinsurance
company providing property, casualty and specialty products to industrial,
commercial and professional firms, insurance companies and other enterprises
throughout the world. XL is the company clients look to for answers to their
most complex risks and to help move their world forward. Its principal
offices are located at No.1 Hatch Street Upper, 4th Floor, Dublin2, Ireland.
To learn more, visit www.xlgroup.com

This press release contains forward-looking statements about the estimated
impact of Storm Sandy. Statements that are not historical facts, including
statements about XL's beliefs, plans or expectations, are forward-looking
statements. These statements are based on current plans, estimates and
expectations, all of which involve risk and uncertainty. Actual results may
differ materially from those included in such forward-looking statements and
therefore you should not place undue reliance on them. A non-exclusive list of
the important factors that could cause actual results to differ materially
from those in such forward-looking statements include the preliminary nature
of reports and the loss estimate related to Storm Sandy and the other factors
set forth in XL's reports on Form 10-K, Form 10-Q and other documents on file
with the Securities and Exchange Commission. XL undertakes no obligation to
update or revise publicly any forward-looking statement, whether as a result
of new information, future developments or otherwise.

Contact:  David Radulski     Carol Parker Trott
           Investor Relations Media Relations
           (203) 964-3470     (441) 294-7290

SOURCE XL Group plc

Website: http://www.xlgroup.com
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