XL Capital Ltd Comments On Subpoena From NY Attorney General
HAMILTON, BERMUDAThu Oct 28, 2004 —
Hamilton, Bermuda - October 28, 2004: XL Capital Ltd (NYSE:XL) announced that its subsidiary, X.L. America, Inc., received today a subpoena from the Office of the Attorney General of New York, in connection with an ongoing, industry-wide investigation of insurance sales practices. The Company intends to cooperate fully with the Attorney General's investigation. As a matter of prudence, the Company had previously commenced its own internal review of the issues raised in the Attorney General's recently announced complaint against Marsh & McLennan. # # # XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.
We’re bringing together the best of AXA Corporate Solutions, AXA Art, AXA Matrix and XL Catlin.
AXA XL is the P&C and specialty risk division of AXA. With a shared culture of service, partnership, operational excellence and innovation, we look forward to bringing further value to our clients and brokers.
Our teams are experts in Property, Casualty, Professional and Financial Lines and Specialty re/insurance for the world’s most complex risks.
We are already working together to provide you a seamless experience. While we put our new websites in place feel free to reach out to your usual contact at XL Catlin, AXA Corporate Solutions, AXA Art or AXA Matrix.
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