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)
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Cayman
Islands
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1-10809
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98-0191089
|
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File Number)
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(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))
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Item
5.02.
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Departure
of Directors or Principal Officers; Election of Directors; Appointment
of
Principal Officers.
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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:
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Exhibit
No.
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Description
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99.1
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Press
Release (“XL CAPITAL LTD ANNOUNCES EXECUTIVE APPOINTMENTS”)
dated July
12, 2006.
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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
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XL
CAPITAL LTD
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(Registrant)
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| |
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By:
/s/
Kirstin Gould
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Name:
Kirstin Gould
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Title:
Secretary
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