In the wake of rumors that Bermuda-based insurance giant XL Capital Ltd. is up for sale, the company said it is exploring "value-enhancing opportunities available to it."
The vaguely worded announcement, said the company typically does not respond to rumors, but under "the current circumstances" it felt it was appropriate to make a statement.
An outright denial of any sale was not part of the statement. The company said it is looking at opportunities and that it is being assisted in this effort by the financial advisor Goldman, Sachs & Company.
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