XL BERMUDA LTD
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Cash
—
Latest balance sheet
Net assets
£9B
+1.2% vs 2023
Employees
—
Average over period
Profit before tax
£2B
+10.6% vs 2023
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
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 | £14,637,717,569 | £15,166,627,131 | |
| Net earned premiums | — | — | |
| Claims incurred | £11,416,656,783 | £11,356,197,183 | |
| Investment return | £832,797,628 | £1,104,117,865 | |
| Profit before tax | £1,840,381,023 | £2,034,560,415 | |
| Net profit | £1,512,279,466 | £1,650,009,637 | |
| Insurance contract liabilities | £36,782,573,017 | £36,226,544,848 | |
| Total assets | £48,827,197,924 | £48,717,865,827 | |
| Total liabilities | £39,449,028,169 | £39,228,977,761 | |
| Equity | £9,378,169,755 | £9,488,888,065 | |
| Average employees | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. 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% |
Margins divide P&L lines by turnover. 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.
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Gross written premiums
+3.6%
£14,637,717,569 £15,166,627,131
-
Net earned premiums
—
Not reported
-
Profit before tax
+10.6%
£1,840,381,023 £2,034,560,415
-
Equity
+1.2%
£9,378,169,755 £9,488,888,065
-
Claims incurred
-0.5%
£11,416,656,783 £11,356,197,183
-
Insurance contract liabilities
-1.5%
£36,782,573,017 £36,226,544,848
-
Investment return
+32.6%
£832,797,628 £1,104,117,865
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