-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NEwhX1ozDJrigbAbCEyCK57M6Ht/+beHmw12YMLU1ecb5GboYP6QkDFbVA1BLAkM hIq+R9r3NzzeQCZdljcYcQ== 0000950162-06-000793.txt : 20060717 0000950162-06-000793.hdr.sgml : 20060717 20060717172113 ACCESSION NUMBER: 0000950162-06-000793 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060712 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060717 DATE AS OF CHANGE: 20060717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: XL CAPITAL LTD CENTRAL INDEX KEY: 0000875159 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 980191089 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10804 FILM NUMBER: 06965690 BUSINESS ADDRESS: STREET 1: XL HOUSE STREET 2: ONE BERMUDIANA ROAD CITY: HAMILTON HM11 BERMUD STATE: D2 BUSINESS PHONE: 4412928515 MAIL ADDRESS: STREET 1: CAHILL GORDON & REINDEL(IMMANUEL KOHN) STREET 2: 80 PINE STREET CITY: NEW YORKI STATE: NY ZIP: 10005 FORMER COMPANY: FORMER CONFORMED NAME: EXEL LTD DATE OF NAME CHANGE: 19950720 8-K 1 xl8k_071206.htm XL CAPITAL LTD - 8K - 07/12/06
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
————————————
 
FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 12, 2006
 
————————————

XL CAPITAL LTD
(Exact name of registrant as specified in its charter)
 
————————————

Cayman Islands
1-10809
98-0191089
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

XL House, One Bermudiana Road, Hamilton, Bermuda HM 11
(Address of principal executive offices)

Registrant’s telephone number, including area code: (441) 292 8515

Not Applicable
(Former name or former address, if changed since last report)

————————————
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 5.02.
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On July 12, 2006,  XL Capital Ltd (the "Company") announced the appointment of Michael C. Lobdell to join the Company in September as Chief Executive - Global Business Services.

Mr. Lobdell, age 48, is currently a Director of the New York City Investment Fund and Vice Chairman of the Board of Trustees of Westminster School in Simsbury, Connecticut. During a 28-year career with JPMorganChase (originally J.P. Morgan), Mr. Lobdell held numerous leadership positions, including Senior Partner of the global financial services firm's Mergers & Acquisitions Group, Managing Director and Chief Operating Officer of Global Investment Banking, Chairman of JPMorgan North American Investment Banking Management Committee, Head of Risk Technology Operations for Europe, and, most recently, Managing Director and Head of Chase Middle Market Treasury Service Integration Project.

The Company expects to enter into an employment agreement with Mr. Lobdell, but has not yet done so. Accordingly, following its entry into such an agreement, the Company will amend this Current Report on Form 8-K to provide a brief description of the material terms of such agreement.

Item 8.01.             Other Events.

On July 12, 2006, XL Capital Ltd issued the press release attached as Exhibit 99.1 and incorporated by reference herein.

Item 9.01.              Financial Statements and Exhibits.

(d)          Exhibits. The following exhibits are filed herewith:

 
Exhibit No.
 
Description
 
99.1
 
Press Release (“XL CAPITAL LTD ANNOUNCES EXECUTIVE APPOINTMENTS”)
dated July 12, 2006.







SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 17, 2006

XL CAPITAL LTD
      (Registrant)
 
By:  /s/ Kirstin Gould
        Name:  Kirstin Gould
        Title:    Secretary
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

[XL Capital Logo Omitted]


XL Capital Ltd
XL House
One Bermudiana Road
P. O. Box HM 2245
Hamilton HM JX
Bermuda

Phone:  (441) 292-8515
Fax: (441) 292-5280
Press Release

IMMEDIATE

Contact:                 David Radulski    Roger R. Scotton
Investor Relations                                     Media Relations
(441) 294-7460    (441) 294-7165


XL Capital Ltd Announces Executive Appointments

HAMILTON, Bermuda, July 12 -- XL Capital Ltd (NYSE:XL) ("XL" or the "Company") has announced three executive appointments. Mr. Michael C. Lobdell, a former Managing Director of New York-based JPMorganChase, will join the Company in September to serve as Chief Executive - Global Business Services. He will be responsible for overall execution and service delivery across the XL group of companies. He will also oversee infrastructure and project management, including IT systems and technology, procurement, real estate, facilities, outsourcing and offshoring.

During his 28-year career with JPMorganChase (originally J.P. Morgan), Mr. Lobdell held numerous leadership positions, including Senior Partner of the global financial services firm's Mergers & Acquisitions Group, Managing Director and Chief Operating Officer of Global Investment Banking, Chairman of JPMorgan North American Investment Banking Management Committee, Head of Risk Technology Operations for Europe, and, most recently, Managing Director and Head of Chase Middle Market Treasury Service Integration Project. In this role, he led a program to define strategy and implement an integrated business model for JPMorganChase's delivery of banking products and services to middle market clients.

Mr. Lobdell is currently a Director of the New York City Investment Fund and Vice Chairman of the Board of Trustees of Westminster School in Simsbury, Connecticut.

Mr. Lobdell will be a member of XL's newly formed Office of the Chief Executive Officer (OCEO), which was created to provide XL with a focused, enterprise-wide management framework to better leverage strategic opportunities and execute business priorities. The OCEO also includes XL's Chief Financial Officer Jerry de St. Paer, Chief Investment Officer (designate) Sarah E. Street, Chief Operating Officer Henry C.V. Keeling, and Chief of Staff Fiona E. Luck.

Additionally, XL announced the promotion of Ms. Kirstin Romann Gould to the newly formed position of General Counsel, Corporate Affairs. She will also continue in her current role as the Company's Corporate Secretary.

Ms. Gould joined XL in early 2000 as Associate General Counsel and was named Chief Corporate Legal Officer and Secretary of the Company in 2004. Prior to joining XL, Ms. Gould was associated with the law firms of Clifford Chance and Dewey Ballantine in New York and London.
 
 
 
 
 

 
XL also announced the promotion of Ms. Celia R. Brown to the position of Head of Global Human Resources. This appointment follows the announcement by Mr. Tony Beale, current Head of Global Human Resources, of his plans to retire from the Company later this year.

Ms. Brown has served XL and its predecessor companies for nearly 18 years in numerous capacities, including Associate General Counsel, Corporate Secretary and Head of Human Resources for NAC Re Corp, and Chief Administrative Officer for XL America and for the Insurance segment. Previously she was a corporate attorney at JWT Group, Inc.

Both Ms. Gould and Ms. Brown will report to XL's Chief of Staff, Fiona Luck.

XL President and Chief Executive Officer, Brian M. O'Hara, said: "It is a pleasure to have Michael ("Spike") Lobdell join XL. His impressive background in the financial services industry, coupled with his strong knowledge and experience in operational transformation, are a winning combination for XL. I am equally pleased to announce the promotions of Kirstin Gould and Celia Brown. XL is very committed to the growth and development of our key talent, and we are confident that Kirstin and Celia will serve the Company well in these important leadership positions. I also express my personal thanks to Tony Beale for his important contributions as our first leader of Global Human Resources, and I wish him well in his retirement."

XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. As of March 31, 2006, XL Capital Ltd had consolidated assets of approximately $58.8 billion and consolidated shareholders' equity of approximately $8.5 billion. More information about XL Capital Ltd is available at www.xlcapital.com.

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