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XL: High points

Xl Capital
EXEL Ltd. incorporated in the Cayman Islands by a group of 68 Fortune 500 companiesXL Insurance (Bermuda) Ltd. (formerly X.L. Insurance Co. Ltd.) was incorporated in Barbados with gross written premiums exceeding $206 millionEXEL Limited and XL Insurance (Bermuda) Ltd. domiciled in Bermuda

1986

EXEL Ltd. incorporated in the Cayman Islands by a group of 68 Fortune 500 companies

XL Insurance (Bermuda) Ltd. (formerly X.L. Insurance Co. Ltd.) was incorporated in Barbados with gross written premiums exceeding $206 million

1990

EXEL Limited and XL Insurance (Bermuda) Ltd. domiciled in Bermuda

XL Europe Insurance Company opened in Dublin

1991

IPO of 24.7 million shares at a listing price of $25.50. XL's common stock is listed for the first time on the New York Stock Exchange (NYSE) under the ticker symbol “XL”. The group's net Income reached $267 million.

1992

XL invested $100 million in Mid Ocean Reinsurance Ltd. - a property catastrophe reinsurer

1995

XL Capital invested $70 Million in Risk Capital Re

1996

EXEL acquired a minority stake of Pareto Partners

1997

EXEL acquired GCR Holdings

EXEL invested in 75% of Latin America Reinsurance Ltd.

Sovereign Risk Insurance Ltd. was formed as a (50% - 50%) joint venture between XL Insurance (Bermuda) and ACE Ltd.

1998

EXEL merged with Mid Ocean Ltd.

The ownership of Lloyds operation, Brockbank, which Mid Ocean purchased in 1996, transferred to XL Capital with the Mid Ocean acquisition

XL Capital acquired minority stake in Annuity & Life Re (Holdings) Ltd.

XL Capital formed a joint venture with Financial Security Assurance.

XL acquired Folksamerica General Insurance Company and renamed it as X.L. Insurance Company of America, Inc.

1999

EXEL Limited changed its name to XL Capital Ltd.

XL Capital acquired Intercargo Corporation

XL Capital acquired Environmental Insurance Specialist ECS, Inc.

XL Capital merged with NAC Re, a US based reinsurer.

A joint venture between XL Capital and Les Mutuelles Du Mans Assurances Group formed Le Mans R? in France

XL Capital sold Mid Ocean's two motor books, Admiral and Zenith.

2000

XL Specialty Insurance Company signed an agreement to purchase the US surety operations of CGU Insurance

XL Capital Ltd. formed Element Re Capital Products Inc. for its non-catastrophe weather risk management products

XL Capital Ltd. made a strategic investment in Agora Capital Management.

2001

XL Insurance (Bermuda) Ltd. completed the purchase of Winterthur International

XL Mid Ocean Reinsurance, NAC Reinsurance Corporation and Latin America Reinsurance names were changed to reflect the global branding strategy of XL Capital's reinsurance operations

Latin America Reinsurance company became a wholly-owned subsidiary of XL Capital and changed its name to XL Re Latin America Ltd.

2002

XL Capital became the major shareholder of Le Mans Re, holding 67%

XL Capital made a strategic investment in Stanfield Capital Partners LLC