XL Insurance Boosts Regional Profile with New Office in Houston
HAMILTON, BERMUDA - June 21, 2007
New York, NY, June 21, 2007 - XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL), today announced the opening of a new regional office in Houston. The new office, located at 5847 San Felipe in the San Felipe Plaza, will focus on providing XL Insurance clients, particularly marine and offshore energy businesses in the region, with local underwriting expertise and claims services.“Our Houston office opening is the latest step in XL Insurance's continuing regional expansion,” said Uwe Schoberth, Senior Vice President, Regional Executive of the Central U.S. for XL Insurance: “For XL Insurance, the U.S. marketplace continues to offer significant opportunities for us to support businesses, like those in the marine and offshore energy industry, where clients’ complex risk management needs can benefit most from our underwriting expertise and industry knowledge.”According to Jeff Kaufmann, Chief Underwriter for XL Marine & Offshore Energy Americas: “XL Insurance already has a solid client base of marine and offshore energy clients here in the Gulf region. With this new office, we are bringing our marine and energy underwriting expertise closer to our customers. This proximity, along with more local and specialized underwriting and claims presence, will help us ensure that we continue to deliver high-quality service to our agents, brokers and the customers.”Mr. Kaufmann said: “Our Regional Marine Manager Diana Gladwell, who will be directing the Houston office’s activities, has nearly 25 years of dedicated marine insurance experience. With that kind of experience on the ground, we are well equipped to handle the specialized risks encountered in the marine industry.”“In Ken Burket, we have local excess casualty underwriting expertise and with the recent addition of Dwayne Johnson, our Select Professional team has a presence in Houston as well,” Mr. Schoberth added. “This office will also serve as a conduit for other regional business.”XL Insurance has offices throughout the U.S. including Dallas, Los Angeles, Chicago, Hartford, New York, Charlotte, and Exton, PA. The XL Insurance companies provide more than 60 insurance products in the property, casualty, professional liability and specialty insurance lines, such as marine and offshore energy insurance. XL Insurance’s Marine & Offshore Energy unit provides cargo, primary marine liabilities, excess marine liabilities, offshore energy, bluewater hull and brownwater hull insurance.”XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of Companies. More information about XL Insurance and its products is available at www.xlinsurance.comThrough its operating subsidiaries, XL Capital Group is a leading provider of insurance and reinsurance coverages and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. As of March 31, 2007, XL Capital Ltd had consolidated assets of approximately $62.1 billion and consolidated shareholders’ equity of approximately $11.3 billion. More information about XL Capital Ltd is available at www.xlgroup.com .
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