XL Insurance and Chandler Insurance Managers Sign Agreement

CHANDLER, Oklahoma, May 7 /PRNewswire-FirstCall/ -- XL Insurance, the global insurance operations of XL Capital, Ltd. (NYSE: XL - News) today announced a new underwriting agreement with Chandler Insurance Managers, Inc. (CIMI), an underwriting manager and wholesaler of insurance programs for various industries and public entities. Under the agreement, CIMI's property, casualty and professional coverages for school districts in Oklahoma will be provided by Greenwich Insurance Company, a member of the XL Insurance group of companies.

Commenting on the agreement, John Hartman, Chief Underwriting Officer for Programs, said: "XL Insurance is known for its focused, industry-specific underwriting expertise. When we sign a new program agreement, we specifically look to work with companies like CIMI who share that same dedication to serving a specific industry and developing knowledge and underwriting expertise to effectively address their insurance needs.

"CIMI's insured schools have a choice between monoline coverages or multi-line insurance packages supplemented by their various loss control and claims services. With these capabilities, CIMI is well equipped to help their insured schools manage their risks upfront and in the event of a loss, to help them recover quickly."

Lance LaGere, Executive Vice President and Chief Operating Officer for CIMI, said: "School districts face distinct exposures that require a specialized risk management approach and insurance protection. Having insured Oklahoma schools for over 25 years, we definitely understand the nuances of insuring school districts. We're proud to offer this specialized underwriting expertise now delivered with the financial strength of an 'A' rated insurer like XL Insurance's Greenwich Insurance Company."

"Whether we are providing assistance with bus driver safety or rebuilding a school damaged by a natural disaster, we strive to help our school districts maintain safe, productive and protected learning environments," Mr. LaGere added. "We are looking forward to working with XL Insurance to expand our reach to bring these specialized insurance programs to school districts in neighboring states."

About XL Insurance

"XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL - News) group of companies. More information about XL Insurance is available at http://www.xlinsurance.com. Through its operating subsidiaries, XL Capital Ltd is a leading provider of global insurance and reinsurance coverage and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis.