The Securities and Exchange Commission has agreed that XL Capital may implement a Dividend Reinvestment and Share Purchase Plan.

The Plan, which is effective from January 18, is intended to provide registered holders of XL Capital Class A Ordinary Shares a convenient and economical way to reinvest all or a portion of their cash dividends and to make additional cash investments, subject to minimum and maximum purchase limitations, in its Class A Ordinary Shares, the company said.

Holders who invest through the Plan pay no brokerage commissions or fees or expenses in connection with purchases of Class A Ordinary Shares under the Plan. A prospectus is being mailed by the Plan Administrator to registered holders of XL Capital Class A Ordinary Shares, along with the forms and instructions necessary to enrol in the Plan.