XL GROUP LTD (NASDAQ:XL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) In connection with Gregory Hendrick’s previously announced change of role to become President, Property & Casualty effective January 1, 2017, on December 8, 2016, the Management Development and Compensation Committee of the Board of Directors of XL Group Ltd (“XL” or “the Company”) approved the following changes, effective January 1, 2017, with respect to Mr. Hendrick’s compensation: Mr. Hendrick’s base salary will increase from $800,000 to $900,000; his target annual incentive award opportunity will increase from $1,200,000 to $1,620,000; and his target long term incentive opportunity will increase from $2,200,000 to $2,980,000.

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XL GROUP LTD (NASDAQ:XL) closed its last trading session at with 1,609,889 shares trading hands.