XL Re to Enter Brazil Reinsurance Market

XL Re, the global reinsurance operations of XL Capital Ltd., announced plans to serve the Brazilian reinsurance market as both a local and admitted reinsurer, subject to regulatory approval. XL Re's entry is a response to the opening of Brazil's reinsurance market to the private sector effective April 17, 2008. XL Re's Brazilian reinsurance operations will be based in Rio de Janeiro with an additional office in Sao Paulo.