Bermuda-based XL Capital Ltd. announced on Friday that it has called for redemption all of its outstanding 8.0 percent Series A Preference Ordinary Shares.

The redemption date will be August 14, 2007, and the redemption price will be approximately $25.24 per Series A Preference Share.

In the event that all of the outstanding Series A Preference Shares are surrendered for redemption, the aggregate redemption price would be $232.2 million the company said in a statement on PR Newswire.

The company also announced changes to its financial reporting presentation "to reflect XL's previously announced realignment of its reporting segments". These financial reporting changes will take effect, starting with the XL's second quarter 2007 financial results, which will be released on July 24.

In order to facilitate comparability to historical results, the company has posted to its website ( www.xlcapital.com) a document that includes an example, of the segment information presentation.