XL Capital Ltd announced today that it has received approval fora new fully licensed European reinsurance company--XL Re EuropeLtd.--based in Dublin, with $1.5 billion of capital andsurplus.
Bermuda-based XL said David Watson, previously XL Re Ltd'sgeneral manager in London, has relocated to Dublin to becomepresident and chief executive officer of the new company.
XL on Aug. 1 announced it would develop the new operation, whichwill serve as the firm's European reinsurance platform.
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