XL director steps down

WASHINGTON (Dow Jones) ? XL Capital Ltd. said last week that director John Loudon informed the company that he will resign for personal reasons effective immediately.

The Bermuda-based insurance provider said in an 8-K filing with the Securities and Exchange Commission that Loudon will remain a director at certain of the company?s UK subsidiaries.

No disagreement occurred between Loudon and the company that would require disclosure, according to the filing.

No other information about Loudon?s resignation or a replacement director was included in the filing.

Lazard to announce earnings

The first public earnings announcement from Bermuda-registered investment bank Lazard Ltd. is due tomorrow.

The company, long a privately-held venture, is set to issue its first quarter 2005 financial report after it listed the New York Stock Exchange on May 5.

Lazard, which dates its history back more than 150 years to New Orleans, operates from 27 cities across 15 countries in North America, Europe, Asia and Australia.

The firm provides services including mergers and acquisitions advice, asset management, and restructuring advice to corporations, partnerships, institutions, governments, and individuals.

PartnerRe pays investors

PartnerRe Ltd. on Friday announced that payment of a distribution on Capital Trust I Preferred Securities will be made on June 30, 2005. Payment will be to shareholders of record on June 20, 2005.

The distribution on the Capital Trust I Preferred Securities will be $0.49375 per share.