January 7th, 2009

Chart: Bermuda Composite Financing Activity

Posted at 12:55 AM ET

XL Capital reported total assets of USD44.6 billion and shareholders’ equity of USD8.7 billion at the end of the third quarter - representing 26 percent of the Guy Carpenter Bermuda Composite’s asset base and 17.4 percent of aggregate shareholders’ equity. The firm acquired such large amounts of capital this year because it needed to fund the execution of a master agreement to terminate reinsurance agreements and guarantees with Syncora Holdings’ subsidiaries.

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