March 1, 2021

[Cayman Islands based] XL parent XLIT outlook downgraded by S&P

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From Intelligent Insurer S&P Global Ratings said on Oct. 12 that it revised the outlook for XLIT, formerly known as XL Group and now a subsidiary of it, to stable from positive. The move affects Cayman Islands-based XLIT and its insurance and reinsurance subsidiaries, collectively called XL. The outlook revision reflects S&P’s view that risk-adjusted […]