XL Group Ltd has announced the retirement of Mr Stephen Catlin, Executive Deputy Chairman, effective December 31, 2017. In connection with his retirement, Mr Catlin has notified the Company of his intention not to stand for re-election to the Company's Board of Directors at the upcoming Annual General Meeting scheduled for May 19, 2017.
Mr Catlin will remain the Company’s Executive Deputy Chairman until May 15, 2017, and following that date until the end of the year, he will act as a special advisor to XL’s Chief Executive Officer, Mr Mike McGavick. During this time Mr Catlin will continue to serve as Chairman of the Insurance Development Forum (“IDF”), a public/private forum launched in 2016 by leaders of the insurance industry, the UN and the World Bank, and will work on other related projects. To ensure continuity on these matters, Mr Catlin has agreed to act as a consultant to XL from January 1, 2018 to September 30, 2018.