XL Capital Ltd Continues Sponsorship of China Insurance Industry Leadership Program at Wharton

HAMILTON, Bermuda, April 29 /PRNewswire-FirstCall/ -- XL Capital Ltd (NYSE: XL) ("XL" or the "Company") today announced the successful conclusion of the 2010 China Insurance Industry Executive Leadership Program conducted at the Wharton School of the University of Pennsylvania ("Wharton"). Jointly launched in 2006 by XL, the China Insurance Regulatory Commission ("CIRC"), GuoFa Capital Market Research Center and the Aresty Institute of Executive Education at Wharton, the program is an intensive educational initiative designed to develop leaders in the People's Republic of China's insurance industry.

When it was launched, the program was the first Sino-foreign insurance leadership course endorsed by the CIRC to include sessions in both China and other countries. It consists of various educational sessions focusing on strategic and operational market issues such as corporate governance, product innovation and risk management.

XL's Chief Executive Officer, Mike McGavick, commented: "We strongly believe that as a global company we have a responsibility to contribute to the development of our industry in those markets where we have a presence. We are very proud to be part of this important initiative and appreciate the unique opportunity to share our global insights on the insurance industry to support the Chinese government's goal of further strengthening this sector of their economy."  

The one-week module conducted at Wharton during the week of April 17 completed the Program that started in Zhuhai, China and included more than 20 participants. It covered different aspects of risk management as well sessions on marketing and leadership. XL senior managers traveled to Wharton to give lectures on catastrophe risk management and the insurance industry from a global perspective.  The program ended on April 23 with a graduation ceremony.

About XL Capital

XL Capital Ltd, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis.  More information about XL Capital Ltd is available at www.xlcapital.com.

    
    
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SOURCE XL Capital Ltd