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XL’s Surety Group Guards Financial Investments in Public/Private Partnership Projects with BuildSecure

 — BALTIMORE, November 10, 2011 – To support the timely completion of Public/Private Partnership infrastructure projects, the Insurance segment of XL Group plc (“XL”) (NYSE: XL) today unveiled BuildSecure, performance guarantee assistance for the finance community, available from XL’s Surety group.

According to David Hewett, President of XL’s Surety group, "Today’s much needed infrastructure projects are delivered by unique partnerships with public entities working with private businesses determined to get not only the job done, but create a revenue-producing opportunity. While sureties typically protect the public sector from contractor performance issues, this new approach extends that bond protection to the financial community.”

“Any construction project runs the risk of experiencing delays, but delays can be significantly costly and hinder or delay the revenue streams needed to recover the costs of these projects,” said Mr. Hewett. “BuildSecure, delivered with the help of a team of risk management, legal and financial analysts, provides institutions that are financing these projects with performance bond protection and assures a quick payback to minimize financial losses that result from construction delays. As a result of lessons learned in the global financial crisis, financial institutions have considerably stepped up their risk management practices with a new application of a tried and true surety approach.”

Due to the complex nature of Public Private Partnership projects (3P), each project is individually reviewed by XL’s underwriting team to effectively design a BuildSecure strategy appropriate to the project. BuildSecure bonds are available for as little as 10-20% of the 3P project’s contract, with limits of liability up to $250 million. In addition to the performance bond, BuildSecure is accompanied by consultation and advice on best practices for:
• Contract Review
• Lending Structure
• Information Network
• Emerging Issues
• Performance Security Terms and Conditions

About XL’s Insurance Segment
The Insurance segment of XL Group plc offers property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit

About XL Group plc
XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. Its principal offices are located at No.1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. To learn more, visit