XL Capital Ltd Form 8K - 01/13/06
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): January 13,
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
1.01. Entry
into a Material Definitive Agreement.
On
January 13, 2006, XL Capital Ltd, a Cayman Islands company (the “Company”),
together with its wholly-owned subsidiaries X.L. America, Inc., a Delaware
corporation (“XLA”), XL Insurance (Bermuda) Ltd, a Bermuda exempted company
(“XLI”), and XL Re Ltd, a Bermuda exempted company (“XLRe” and, together with
the Company, XLA and XLI, the “Account Parties”), entered into an amendment
agreement (the “Amendment”) to the Master Standby Letter of Credit and
Reimbursement Agreement, dated as of September 30, 2005 (the “Agreement”), by
and among the Account Parties and National Australia Bank Limited, New York
Branch (the “Bank”).
The
effect of the Amendment is to extend the date on which the Bank’s commitment
under the Agreement terminates from September 29, 2006 to December 31, 2006.
The
foregoing description of the Amendment is qualified in its entirety by reference
to the Amendment, which is attached hereto as Exhibit 10.1 and incorporated
herein by reference.
The
Bank
and/or its affiliates have, from time to time, performed various commercial
banking and financial advisory services for the Account Parties in the ordinary
course of business.
Item
9.01. Financial
Statements and Exhibits.
(c) Exhibits.
The following exhibits are filed herewith:
|
Exhibit
No.
|
Description
|
|
10.1
|
Amendment
Agreement to the Master Standby Letter of Credit and Reimbursement
Agreement, dated as of September 30, 2005, by and among XL Capital
Ltd,
X.L. America, Inc., XL Insurance (Bermuda) Ltd and XL Re Ltd, as
Account
Parties, and National Australia Bank Limited, New York
Branch.
|
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:
January
18, 2006
|
XL
CAPITAL LTD
(Registrant)
By:
/s/
Fiona Luck
Name: Fiona Luck
Title: Executive Vice
President,
Global
Head of Corporate Services &
Assistant Secretary
|