Fitch Affirms XL’s Ratings; Outlook Stable

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed the ratings of XLIT Ltd. (XL, a Cayman Islands subsidiary of XL Group Ltd) and its property/casualty (re)insurance subsidiaries. The affirmations include XL’s Issuer Default Rating (IDR) at ‘A-‘ and the Insurer Financial Strength (IFS) rating of its core operating companies at ‘A+’. A full list of rating actions follows at the end of this release. The Rating Outlook is Stable. KEY RATING DRIVERS Fitch’s affirmation of XL’s ratings reflects th