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News and Information Article
HAMILTON, Bermuda, June 9 /-FirstCall/ -- XL Capital Ltd
(NYSE: XL) ("XL" or the "Company") today announced that Mr. Herbert Haag
has joined the Companys Board of Directors.
Mr. Haag was the founding President and Chief Executive Officer of
Bermuda-based reinsurer PartnerRe Ltd. in 1993. He retired in December 2000
and served as Senior Advisor of Partner Re Ltd. for two more years. Mr.
Haags insurance industry career spans approximately 40 years, including 24
years with Swiss Reinsurance Company where he held various senior
positions, including nine years as Head of its Japanese operation, and
latterly as Executive Vice President and Chairman/Board Member of several
Swiss Re subsidiary companies. Mr. Haag is the President of the
Swiss-Japanese Society in Switzerland.
XL Chairman Michael P. Espositio, Jr., said: "I am pleased to welcome
Herbert to the XL Board. Im confident that his insurance industry
knowledge and wealth of business experience will prove invaluable in
helping to achieve our strategic business objectives."
XL President and Chief Executive Officer Brian M. OHara added: "It is
a pleasure to have Herbert join us, particularly as we mark our 20th
anniversary. He is a seasoned professional and I look forward to working
with him. He is well respected in the industry and will provide us with the
sound guidance we need to steer XL through the next phase of its
development."
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. As of March
31, 2006, XL Capital Ltd had consolidated assets of approximately $58.8
billion and consolidated shareholders equity of approximately $8.5
billion. More information about XL Capital Ltd is available at
http://www.xlcapital.com.
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