XL BERMUDA LTD
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Cash
—
Latest balance sheet
Net assets
£10B
USD 12,800,510,000
+1.2% vs 2023
Employees
—
Average over period
Profit before tax
£2B
USD 2,744,622,000
+10.6% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gross written premiums | £14,761,367,272 | £15,294,744,711 | |
| Net earned premiums | — | — | |
| Claims incurred | £11,513,097,107 | £11,452,126,785 | |
| Investment return | £839,832,548 | £1,113,444,719 | |
| Profit before tax | £1,855,927,338 | £2,051,747,028 | |
| Net profit | £1,525,054,198 | £1,663,947,821 | |
| Insurance contract liabilities | £37,093,287,733 | £36,532,562,607 | |
| Total assets | £49,239,657,621 | £49,129,401,959 | |
| Total liabilities | £39,782,267,325 | £39,560,358,077 | |
| Equity | £9,457,390,297 | £9,569,043,881 | |
| Average employees | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Gross written premiums
+3.6%
£14,761,367,272 £15,294,744,711
-
Net earned premiums
—
Not reported
-
Profit before tax
+10.6%
£1,855,927,338 £2,051,747,028
-
Equity
+1.2%
£9,457,390,297 £9,569,043,881
-
Claims incurred
-0.5%
£11,513,097,107 £11,452,126,785
-
Insurance contract liabilities
-1.5%
£37,093,287,733 £36,532,562,607
-
Investment return
+32.6%
£839,832,548 £1,113,444,719
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 80.8% | 80.5% |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- XL BERMUDA LTD 2018-11-16 → present
- XL RE LTD 1995-09-07 → 2018-11-16
- MID OCEAN REINSURANCE CONTACT OFFICE 1993-11-18 → 1995-09-07
- MID OCEAN REINSURANCE COMPANY LTD. 1992-11-04 → 1993-11-18
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis.”
Group structure
- XL BERMUDA LTD · parent
- AXA XL Insurance Company Americas (formerly known as Catlin Insurance Company, Inc.)
- AXA XL Insurance Company UK Limited
- AXA XL Reinsurance Ltd
- AXA XL Syndicate Limited
- AXA XL Re Switzerland Ltd/Catlin Re Schweiz AG
- Coliseum Reinsurance Company
- Greenwich Insurance Company
- Indian Harbor Insurance Company
- XLIE Insurance Company
- XL Catlin Services SE
- XL Insurance America, Inc.
- XL Insurance Company SE
- XL Reinsurance Switzerland Ltd
- XL Re Europe SE
- XL Reinsurance America Inc.
- XL Specialty Insurance Company
Significant events
- “On February 16, 2025, a distribution of $150.0 million was paid by the Company to its parent, XL Group Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WHITEHURST, Carla | Secretary | 2019-08-05 | — | — |
| BEWLAY, Nancy | Director | 2025-02-26 | Jul 1968 | American |
| DE PERETTI, Jacques | Director | 2021-06-04 | Dec 1960 | French |
| GILLIS, Helen Cecile | Director | 2024-08-27 | Mar 1974 | Canadian |
| GUNTER, Charles Scott | Director | 2020-02-21 | Apr 1963 | American,Canadian |
| PEARMAN, Noel Lennox | Director | 2024-07-17 | Nov 1979 | Bermudian |
| POLLETT, William | Director | 2019-04-26 | Apr 1967 | British |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WADSON, John Michael | Secretary | 1995-09-07 | 1998-08-07 |
| BERRY, Mark Simon | Director | 2013-06-21 | 2019-04-26 |
| BEWLAY, Nancy | Director | 2022-03-31 | 2024-08-27 |
| BORELLI, Francis Joseph | Director | 1995-09-07 | 1997-09-11 |
| BUTT, Michael Acton | Director | 1995-09-07 | 2002-07-17 |
| CLEMENTS, Robert | Director | 1995-09-07 | 1996-02-29 |
| COOPER, Charles Frederick Alexander | Director | 2010-12-17 | 2019-04-26 |
| CORBY, Frederick Brian, Sir | Director | 1995-09-07 | 1997-09-11 |
| ELLIOTT, Geoffrey Kavan | Director | 1995-09-07 | 1997-09-11 |
| ESPOSITO JNR, Michael Patrick | Director | 1995-09-07 | 1997-09-11 |
| EVANS, Robert Sheldon | Director | 1995-09-07 | 1996-02-29 |
| GALE, Jonathan David | Director | 2017-10-01 | 2019-04-26 |
| GLAUBER, Robert Rudolf | Director | 1995-09-07 | 1997-09-11 |
| HARDER, Henry Upham | Director | 1995-09-07 | 1997-09-11 |
| HAYS, Charles Francis | Director | 1997-09-11 | 1998-05-08 |
| HAYWARD, Mary Elizabeth Alling | Director | 2016-09-06 | 2019-04-26 |
| HEAP, Ian Roger | Director | 1995-09-07 | 1996-02-29 |
| HENDRICK, Gregory Scott | Director | 2019-04-26 | 2020-02-20 |
| IRBY, Derrick Allen | Director | 2016-02-29 | 2019-04-26 |
| IRVINE, Matthew George | Director | 2016-09-06 | 2019-04-26 |
| JEANBART, Paul | Director | 1995-09-07 | 1997-09-11 |
| KEELING, Henry Charles Vaughan | Director | 1997-09-11 | 2008-12-08 |
| LEE, Charles Stanley | Director | 2016-09-06 | 2019-04-26 |
| MENDOZA, Roberto Gonzales | Director | 1995-09-07 | 1997-09-11 |
| NEWHOUSE JNR, Robert Joyce | Director | 1995-09-07 | 1999-10-29 |
| NORTON, Fielding (Fid) Lewis | Director | 2010-12-17 | 2019-03-29 |
| O'HARA, Brian Michael | Director | 1995-09-07 | 1997-09-11 |
| PALICI-CHEHAB, Doina | Director | 2019-04-26 | 2025-02-28 |
| PASQUESI, John Murray | Director | 1995-09-07 | 1997-09-11 |
| PERRETTA, Antimo | Director | 2019-04-26 | 2021-05-30 |
| PETERS, Henry Haalilio | Director | 1995-09-07 | 1997-09-11 |
| QUANE, Alessandrea | Director | 2022-01-01 | 2025-09-18 |
| ROBB, Stephen | Director | 2019-04-26 | 2019-12-23 |
| TABAK, Jeffrey Steven | Director | 1995-09-07 | 1997-09-11 |
| TANNOCK, Davis Isaac Patrick | Director | 2019-12-23 | 2024-06-05 |
| TANNOCK, Davis Isaac Patrick | Director | 2016-09-06 | 2019-04-26 |
| TWITE, Mark Roger | Director | 2010-11-01 | 2019-04-26 |
| VEGHTE, James Howell | Director | 1997-09-11 | 2011-08-02 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 135 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-29 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-09-09 | AA | accounts | Accounts with accounts type group | |
| 2025-04-04 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-03-31 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-12-02 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-11-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-11-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-11-12 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-11-12 | AA | accounts | Accounts with accounts type full | |
| 2023-08-07 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-08-07 | AA | accounts | Accounts with accounts type group | |
| 2023-08-07 | OSTM03 | officers | Termination person authorised overseas company | |
| 2023-08-07 | OSAP07 | officers | Appoint person authorised accept overseas company with appointment date | |
| 2023-08-07 | OSAP05 | officers | Appoint person authorised represent overseas company with appointment date | |
| 2023-08-07 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-08-07 | OSAP03 | officers | Appoint person secretary overseas company with appointment date | |
| 2023-08-07 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-08-07 | OSCH02 | other | Change company details overseas company with change details | |
| 2023-08-07 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-08-07 | OSAP01 | officers | Appoint person director overseas company with name appointment date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.