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Article: EXEL Limited Announces Formation of X.L. Insurance Company of America
- Article from:
- PR Newswire
- Article date:
- March 31, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HAMILTON, Bermuda, March 31 /PRNewswire/ -- EXEL Limited ("EXEL") (NYSE: XL) announced today that it has completed the previously announced acquisition of the company formerly known as Great Lakes American Reinsurance Company ("Great Lakes"), which has been renamed X.L. Insurance Company of America, Inc. ("X.L. America"). X.L. America has obtained all requisite approvals from the New York State Department of Insurance and is actively seeking regulatory approvals in the other states in which Great Lakes was licensed to conduct insurance and reinsurance business.
X.L. America will operate in the United States as an admitted carrier from its office located in ...