XLCA Receives Calif. License, Opens Walnut Creek Office
XL Capital Assurance Inc. (XLCA) has received its financial guarantee license from the State of California and opened an office in Walnut Creek. Neil Pack, managing director for West Coast public finance, heads the Walnut Creek office.
“XLCA continues to expand—and has virtually completed—its licensing platform,” said David Stevens, president of XLCA. “With the California license, we will be able to provide AAA-rated credit enhancement to issuers and investors in that state who are seeking a new name of the highest quality, as well as substantial capacity.”
Popular Today
- Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse
- People Moves: Everest Names US Regional Execs to North America Insurance Leadership
- Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes
- Biden Vetoes Bid to Repeal US Labor Board Rule on Contract, Franchise Workers