Copying and distributing are prohibited without permission of the publisher
XL attracted by Ireland’s stability: McGavick
13 January 2010
Michael McGavick, chief executive officer of XL, wants to move his firm’s holding company to Ireland because of the stability the country offers, he has told Reactions.
Read more:
michael mcgavick
xl
xl capital
ireland
Michael McGavick, chief executive officer of XL, wants to move his firm’s holding company to Ireland because of the stability the country offers, he has told Reactions.
However, XL’s share price has fallen since the firm announced it wants to move its holding company from the Cayman Islands, and JP Morgan analysts warning that the move could mean the company’s shares are removed from US stock market indexes.
McGavick told Reactions: "It is a judgment of the relative risks in the Caymans compared to the stability that Ireland has to offer."
McGavick declined to comment further on the risks in the Cayman Islands....
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.