XL doubles capacity limit on select property programs.
XL Capital Ltd. said its insurance operations has doubled its
capacity limit, and will now write up to $500 million to underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue.
The word underwrite has two meanings. entire global property programs on a selective basis. Where the company
isn't is·n't
Contraction of is not.
isn't is not
isn't be able to bind an entire program, for example, and is
coinsuring with another carrier, the company will continue to offer its
existing $250 million capacity, instead of the new $500 million limit,
the company said.
COPYRIGHT 2004 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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