XL Capital Ltd has pumped $100m of additional capital into its financial guaranty insurance unit, XL Capital Assurance Inc (XLCA).
XLCA's qualified statutory capital was $127.8m as of September 30 ...
XL Capital Ltd has pumped $100m of additional capital into its financial guaranty insurance unit, XL Capital Assurance Inc (XLCA).
XLCA's qualified statutory capital was $127.8m as of 30 September, 2003.
XL president and chief executive Brian M O'Hara said: "Our financial guaranty business has grown steadily in its first three years and has reached the stage where it requires additional capital to support further growth. This additional capital is indicative not only of our commitment to the sector but also to XLCA's continued development and its ability to contribute non-correlated earnings to XL."
