XL Capital Starts Scholarship in Memory of First CEO

XL Capital Ltd. established a scholarship in memory of the company's first chairman and chief executive officer, the late Ian R. Heap. The XL Ian R. Heap Memorial Scholarship, a merit-based scholarship, will be granted for the first time in 2008. It will be administered by the Spencer Educational Foundation, an organization dedicated to supporting undergraduate, graduate and doctoral students in the risk management and insurance disciplines, XL Capital said in a press release. XL's commitment of $100,000 will allow the Spencer Educational Foundation to award scholarships in $5,000 incr...