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EXEL LIMITED SHAREHOLDERS APPROVE AMENDMENT TO MISSION STATEMENT

 HAMILTON, Bermuda, July 8 /PRNewswire/ -- At an Extraordinary General Meeting of Shareholders held today, a significant majority of shareholders of EXEL Limited (NYSE: XL) approved an amendment to the Mission Statement of the Company's wholly owned insurance subsidiary, X.L. Insurance Company, Ltd. ("X.L.").
 The amendment expands X.L.'s Mission Statement to allow the subsidiary to write, or invest in entities writing, other classes of insurance and reinsurance in addition to the classes of business currently being written.
 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- 7/8/93
 /CONTACT: Gavin R. Arton of EXEL, 809-292-8515/
 (XL)


CO: EXEL Limited; X.L. Insurance Company, Ltd. ST: IN: INS SU:

LG -- NY041 -- 9436 07/08/93 10:58 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:161
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