XL Chairman Esposito Retiring from Board

XL Capital Ltd. announced Friday that Chairman Michael P. Esposito has resigned from its board of directors.Esposito will continue as chairman of the Board of Security Capital Assurance Ltd., XL's 46%-owned affiliate. Esposito earlier this year announced his intention to step down from the XL Board in 2008. In his communication to the XL board,  Esposito expressed his view that SCA's current need for his full attention in addressing various current issues outweighed hisdesire to adhere to his original retirement schedule, the company said in a written release. Alan Z. Senter, a di...