XL Financial Assurance Gets ‘AAA’
XL Financial Assurance (XLFA) and XL Capital Assurance Inc. (XLCA), respectively the financial guarantee reinsurance and financial guarantee subsidiaries of XL Capital Ltd., received “AAA” ratings from both S&P and Fitch. Based in Bermuda, XLFA will offer “AAA” reinsurance capacity to monoline and multiline insurers. XLCA, domiciled in New York, is a monoline financial guarantee insurer, currently licensed in 10 U.S. states and Singapore.
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