NU Online News Service, Nov. 12, 2:22 p.m.EST

NEW YORK -Michael McGavick, chief executive officer ofXL Capital urged insurers who believe in American-style capitalismto take part in the "profound debate" about financial reform nowunderway in Washington.

He told a meeting of executives here that industryrepresentatives need to propose their own corporate governanceproposals, and should start with real transparency and clarity,said Mr. McGavick.

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