EX-21.1 11 c23420_ex21-1.txt LIST OF SUBSIDIARIES Exhibit 21.1 EXEL HOLDINGS LIMITED - CAYMAN ANNUITY & LIFE RE (HOLDINGS) LTD (6.73%) - BERMUDA EXEL Acquisition Ltd. - CAYMAN* GCR Holdings Limited - CAYMAN (IN LIQUIDATION) Reeve Court Holdings Ltd - BERMUDA* XL Life Ltd - BERMUDA* Reeve Court General Partner Limited - BERMUDA Reeve Court 4 Limited Partnership - BERMUDA Reeve Court 6 Limited Partnership - BERMUDA XL Insurance (Bermuda) Ltd - BERMUDA* Element Reinsurance Ltd -BERMUDA EXEL Cumberland Limited - UK Pareto Partners (30%) - UK Pareto Australia - AUSTRALIA Vision Loyal Ltd. (30%) - UK Financial Security Assurance International Ltd. (20%) - BERMUDA InQuisCapital Holdings (Bermuda) Limited - BERMUDA InQuisLogic (Bermuda) Limited - BERMUDA RiskConnect Limited - BERMUDA IPT Compliance Limited - UK Sovereign Risk Insurance Ltd. (50%) - BERMUDA XL Winterthur International (Bermuda) Ltd - BERMUDA XL Winterthur International Services Ltd - BERMUDA International Insurance Consulting Services Limited - BERMUDA XL Capital Products Ltd - BERMUDA XL Financial Assurance Ltd. (85%) - BERMUDA XL Financial Solutions Ltd - BERMUDA XL Global Services (Bermuda) Ltd. - BERMUDA X.L. Holdings Barbados Ltd. - BARBADOS X.L. America, Inc. - DE XL Capital Investment Partners, Inc. - DE Brockbank Insurance Services, Inc. - CA ECS INC. - PA ECS Alternative Market Services, Inc. - PA ECS Childcare Center, Inc. - PA ECS Claims Administrators, Inc. - PA ECS Holdings, Inc. - DE ECS International, Inc. - DE ECS Asesores en Seguros Medioambientales,S.A.R.L. - SPAIN ECS Asesores en Aseguramiento de Riesgos Ambientales S.A. de C.V. (1%) - MEXICO The ECS Group, Ltd - UK ECS Underwriting ltd. - UK ECS Asesores en Aseguramiento de Riesgos Ambientales S.A. de C.V. (99.9%) - MEXICO Risk & Insurance Services, Inc. - BARBADOS ECS Risk Control, Inc. - PA ECS Underwriting, Inc. - PA Element Re Advisors Inc. - DE Element Re Capital Products Inc. - DE Global Credit Analytics, Inc. - DE NAC Re Corporation - DE XL Reinsurance America Inc. - NY Greenwich Insurance Company - CA Warranty Support Services, Inc. - NY Indian Harbor Insurance Company - ND Intercargo Corporation - DE Intercargo International Limited - BVI International Advisory Services Inc. - IL XL Specialty Insurance Company - IL Intercargo Insurance Company H.K. Ltd. - HK NAC Re Financial Services, Inc. - DE NAC Re Investment Holdings, Inc. - DE XL Capital Assurance Inc. - NY XL Insurance Company of New York, Inc. - NY Winterthur International America Insurance Company - WISCONSIN Winterthur International America Underwriters Insurance Co. - OKLAHOMA Winterthur International Services of America Inc. - WISCONSIN XLCA Admin LLC - NY XLCDS LLC - NY XL Financial Administrative Services - DE XL Global, Inc. - DE XL Insurance, Inc. - DE X.L. Global Services, Inc. - DE XL Life and Annuity Holding Company - DE XL Investments Ltd - BERMUDA First Cumberland Bank, Inc. - BARBADOS Garrison Investments Inc. - BARBADOS Annuity & Life Re (Holdings) Ltd (5.6%) - BERMUDA InQuisLogic Ltd. - BARBADOS InQuisLogic Inc. - DE Kensington Investments Inc. - BARBADOS XLB Partners Inc. - BARBADOS IBC Cumberland Holdings, Inc. - DE Cumberland California, Inc. - DE Pareto Hughes Research (30%) - DE Pareto Partners (30%) - CA Cumberland New York, Inc. - DE Pareto (30%) - NY RiskConnect Ltd. - BARBADOS RiskConnect Inc. - DE X.L. Investment Private Trustee Ltd. - BERMUDA X.L. Investments (Barbados) Inc. - BARBADOS TAM Investment Holdings Inc. - DE XL (Luxembourg) SaRL LUXEMBOURG XL (Finance) SaRL - LUXEMBOURG XL (International) SaRL - LUXEMBOURG XL (Services) SaRL LUXEMBOURG XL (Specialty) SaRL LUXEMBOURG XL (Western Europe) SaRL LUXEMBOURG Le Mans Re - FRANCE XL Swiss Holdings Ltd - SWITZERLAND XL Re Latin America Ltd SWITZERLAND XL Latin America Investments Ltd BERMUDA Latin America Reinsurance Servicos Ltda. BRAZIL XL Winterthur International Insurance (Switzerland) SWITZERLAND XL Winterthur International Re (WIRE) SWITZERLAND XL Winterthur (UK) Holdings Limited - UK XL Winterthur International Insurance Company Limited - UK Winterthur International Employee Benefits, S.A. - SPAIN Winterthur Properties Limited - UK Winterthur International Argentina SA Compania de Seguros - ARGENTINA Winterthur Holdings (Proprietary) Limited - SOUTH AFRICA Winterthur Properties (Proprietary) Limited - SOUTH AFRICA Winterthur International Insurance Company Limited - SOUTH AFRICA X.L. One Ltd. - BERMUDA XL Europe Ltd (50%) - REPUBLIC OF IRELAND XL Trading Partners Ltd (90%) - BERMUDA X.L. Two Ltd. - BERMUDA XL Financial Services (Ireland) Ltd XL Europe Ltd (50%) - REPUBLIC OF IRELAND XL Australia Pty Ltd - AUSTRALIA XL Prevent Ltd - UK X.L. Property Holdings Limited - BERMUDA* MID OCEAN LIMITED - CAYMAN Mid Ocean Holdings Limited - BERMUDA* Ridgewood Holdings Limited - BERMUDA Admiral Group Limited (10%) XL London Market Group plc - UK Brockbank Holdings Limited - UK Baltusrol Holdings Limited - BERMUDA County Down Limited - UK Dornoch Limited - UK Stonebridge Underwriting Limited - UK XL London Market Services Ltd - UK Brockbank Personal Lines Limited - Syndicates 253/2253 Cassidy Brockbank Limited (Dormant) Denham Syndicate Management Limited Brockbank Syndicate Services Limited Sextant International Limited (25%) XL London Market Ltd- SYNDICATES 588/861/990/1209 XL Capital International Limited - UK XL Capital Finance (Europe) plc - UK XL Financial Products Ltd - UK XL Re Ltd - BERMUDA ECS Reinsurance Company Inc. - BARBADOS Global Capital Underwriting Ltd. - UK NAC Re International Holdings - UK NAC Reinsurance International Limited - UK XL Services UK Limited - UK Sunshine State Holdings Corporation (24%) - FL The Shipowners Insurance and Guaranty Company Ltd. (4.6%) - BERMUDA XL INVESTMENT MANAGEMENT LTD - BERMUDA XL CAPITAL PARTNERS CORPORATION - CAYMAN (General Partner of each of XL Capital Partners I, L.P. and XL Principal Partners I, L.P.) XL Capital Partners I, L.P. - CAYMAN (Managing Member of XL Capital Principal Partners I, L.L.C.) XL Capital Principal Partners I, L.L.C. - DE XL Principal Partners I, L.P. - CAYMAN (Managing Member of XL Capital Principal Partners I, L.L.C.) XL Capital Principal Partners I, L.L.C. - DE * Held through EXEL Holdings Limited