XL Capital Ltd Becomes Majority Shareholder in Le Mans Re.

PR Newswire | January 14, 2002 | Copyright

HAMILTON, Bermuda and LE MANS, France -- XL Capital Ltd ("XL") and MMA (Mutuelles du Mans Assurances) announced today that XL has completed its previously announced acquisition of a 67% majority shareholding in Le Mans Re, the joint venture reinsurer formed by XL and MMA in 1999. MMA, which previously held 51% of Le Mans Re, will retain a 33% stake in Le Mans Re.

The share transfer, announced by both shareholders on September 7, 2001, was ratified during a joint special shareholders' meeting held on January 11, 2002.

Jean-Claude Seys, President of MMA, and ...

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