Website: N/A
Stock Symbol: NYSE: XL
Market Value: N/A (in millions)
XL Capital Ltd, through its subsidiaries (the “Company” or “XL”), is a
leading provider of global insurance and reinsurance coverages to industrial,
commercial and professional service firms, insurance companies and other
enterprises on a worldwide basis. XL Capital Ltd was incorporated with limited
liability under the Cayman Islands Companies Act on March 16, 1998, as EXEL
Merger Company. XL Capital Ltd was formed as a result of the merger of EXEL
Limited and Mid Ocean Limited on August 7, 1998, and the Company was named EXEL
Limited on that date.
EXEL Limited and Mid Ocean are companies that were incorporated in the
Cayman Islands in 1986 and 1992, respectively. At a special general meeting held
on February 1, 1999, the shareholders of the Company approved a resolution
changing the name of the Company to XL Capital Ltd.
On June 18, 1999, XL Capital Ltd merged with NAC Re Corp. (“NAC”), a
Delaware corporation organized in 1985, in a stock merger.