Notes Payable and Debt and Financing Arrangements	6 Months Ended
Jun. 30, 2011
Debt Disclosure [Text Block]	8. Notes Payable and Debt and Financing Arrangements All outstanding debt of the Company at June 30, 2011 and December 31, 2010 was issued by XL-Cayman except for the $600 million par value 6.5% Guaranteed Senior Notes due January 2012 which were issued by XL Capital Finance (Europe) plc (“XLCFE”). Both XL-Cayman and XLCFE are wholly-owned subsidiaries of XL-Ireland. The XLCFE notes are fully and unconditionally guaranteed by XL Company Switzerland GmbH (“XL-Switzerland”). The Company’s ability to obtain funds from its subsidiaries to satisfy any of its obligations under this guarantee is subject to certain contractual restrictions, applicable laws and statutory requirements of the various countries in which the Company operates, including, among others, Bermuda, the United States, Ireland, Switzerland and the U.K. Aggregated required statutory capital and surplus for the principal operating subsidiaries of the Company was $6.2 billion at December 31, 2010. On July 22, 2011, XL-Switzerland entered into a Remarketing Agreement relating to the remarketing of XL-Cayman’s $575 million aggregate principal amount of 8.25% senior notes due August 2021(the “8.25% Senior Notes”) comprising a part of the equity security units (the “10.75% Units”). XL-Cayman has submitted an order to purchase all of the 8.25% Senior Notes available to be remarketed, and will retire all such 8.25% Senior Notes it may purchase in the remarketing. The remarketing is anticipated to settle on August 15, 2011, when the forward purchase contracts comprising part of the 10.75% Units are to be settled. Subject to certain conditions, the proceeds from the remarketing of the 8.25% Senior Notes will be used to satisfy the purchase price for XL-Ireland’s ordinary shares to be issued and delivered to holders of the 10.75% Units upon settlement of the forward purchase contracts. The number of ordinary shares to be issued upon settlement of the forward purchase contracts will be determined based on the average trading price for the ordinary shares over a period preceding that date and is subject to a maximum of approximately 35.9 million shares. Letter of Credit Facilities and Other Sources of Collateral On March 25, 2011, the Company and certain of its subsidiaries entered into a secured credit agreement (the “2011 Credit Agreement”) that currently provides for issuance of letters of credit of up to $1 billion. Concurrent with the effectiveness of the 2011 Credit Agreement, the commitments of the lenders under the existing five-year credit agreement dated June 21, 2007 were reduced from $4 billion to $3 billion. The commitments under the 2011 Credit Agreement will expire on, and the credit facility is available on a continuous basis until, the earlier of (i) March 25, 2014 and (ii) the date of termination in whole of the commitments upon an optional termination or reduction of the commitments by the account parties or upon an event of default.

Notes Payable and Debt and Financing Arrangements

6 Months Ended

Jun. 30, 2011

8. Notes Payable and Debt and Financing Arrangements

All outstanding debt of the Company at June 30, 2011 and December 31, 2010 was issued by XL-Cayman except for the $600 million par value 6.5% Guaranteed Senior Notes due January 2012 which were issued by XL Capital Finance (Europe) plc (“XLCFE”). Both XL-Cayman and XLCFE are wholly-owned subsidiaries of XL-Ireland. The XLCFE notes are fully and unconditionally guaranteed by XL Company Switzerland GmbH (“XL-Switzerland”). The Company’s ability to obtain funds from its subsidiaries to satisfy any of its obligations under this guarantee is subject to certain contractual restrictions, applicable laws and statutory requirements of the various countries in which the Company operates, including, among others, Bermuda, the United States, Ireland, Switzerland and the U.K. Aggregated required statutory capital and surplus for the principal operating subsidiaries of the Company was $6.2 billion at December 31, 2010.

On July 22, 2011, XL-Switzerland entered into a Remarketing Agreement relating to the remarketing of XL-Cayman’s $575 million aggregate principal amount of 8.25% senior notes due August 2021(the “8.25% Senior Notes”) comprising a part of the equity security units (the “10.75% Units”). XL-Cayman has submitted an order to purchase all of the 8.25% Senior Notes available to be remarketed, and will retire all such 8.25% Senior Notes it may purchase in the remarketing. The remarketing is anticipated to settle on August 15, 2011, when the forward purchase contracts comprising part of the 10.75% Units are to be settled. Subject to certain conditions, the proceeds from the remarketing of the 8.25% Senior Notes will be used to satisfy the purchase price for XL-Ireland’s ordinary shares to be issued and delivered to holders of the 10.75% Units upon settlement of the forward purchase contracts. The number of ordinary shares to be issued upon settlement of the forward purchase contracts will be determined based on the average trading price for the ordinary shares over a period preceding that date and is subject to a maximum of approximately 35.9 million shares.

Letter of Credit Facilities and Other Sources of Collateral

On March 25, 2011, the Company and certain of its subsidiaries entered into a secured credit agreement (the “2011 Credit Agreement”) that currently provides for issuance of letters of credit of up to $1 billion. Concurrent with the effectiveness of the 2011 Credit Agreement, the commitments of the lenders under the existing five-year credit agreement dated June 21, 2007 were reduced from $4 billion to $3 billion. The commitments under the 2011 Credit Agreement will expire on, and the credit facility is available on a continuous basis until, the earlier of (i) March 25, 2014 and (ii) the date of termination in whole of the commitments upon an optional termination or reduction of the commitments by the account parties or upon an event of default.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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