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EXEL ANNOUNCES AGGREGATE EXCESS OF LOSS REINSURANCE ARRANGEMENT

   EXEL ANNOUNCES AGGREGATE EXCESS OF LOSS REINSURANCE ARRANGEMENT
    HAMILTON, Bermuda, Dec. 9 /PRNewswire/ -- EXEL Limited (NYSE: XL), through its wholly owned subsidiary X.L. Insurance Company, Ltd., has entered into an aggregate excess of loss reinsurance arrangement effective Dec. 1, 1991.
    The reinsurance provides broad and flexible coverage.  Its primary function is to assist the company in protecting the results of its underwriting operations against unusual and/or catastrophic losses.
    The term of the reinsurance is continuous and the company anticipates that the program will be in effect for a minimum of five years.  The agreement allows the company to purchase up to $250 million of aggregate limits excess of expected loss ratios.
    This program supplements the company's catastrophe clash reinsurance of $100 million excess of $150 million.
    EXEL Limited, through its wholly owned subsidiaries, X.L. Insurance Company, Ltd. and X.L. Europe Insurance, provides general liability, directors and officers liability and professional liability coverage to industrial, commercial and other enterprises, directors and officers of such enterprises and professional service firms on a worldwide basis.
    -0-       12/9/91
    /CONTACT:  Andrew R. Baer or Ruth Pachman of Kekst and Company, 212-593-2655, for EXEL Limited/
    (XL) CO:  EXEL Limited ST: IN:  INS SU: SM -- NY016 -- 0430 12/09/91 09:53 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 9, 1991
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