"We are also pleased to announce that Overseas Partners, Ltd., in Bermuda,
has acquired the equity shares and warrants which were owned by Insurance
Partners, LP. Overseas Partners, Ltd. (OPL) is one of the world's largest
reinsurance companies with total assets of approximately $5.0 billion and
capital in excess of $2.5 billion. OPL is expected to be a valuable partner
along with XL Capital, as both companies have long-term relationships and
benefit from our Bermudian advantage."
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