XL Capital Commits $100M to Subsidiary

XL Capital Ltd (NYSE: XL) ("XL") announced that it has contributed $100 million of additional capital to support the business growth of its financial guaranty insurance unit, XL Capital Assurance Inc. ("XLCA"). XLCA's qualified statutory capital was $127.8 million as of September 30, 2003. Consequently, had the capital increase occurred on September 30, 2003, XLCA's qualified statutory capital would have been in excess of $225 million. XL President and Chief Executive Officer Brian M. O'Hara said: "Our financial guaranty business has grown steadily in its first three years and has rea...