About Business
XL America Companies is an insurance company and a part of global insurance and reinsurance company Axa. The company was formed in 1986 and is headquartered in Stamford, Connecticut, United States. This company operates about 100 offices in different continents. The company was founded in 1968 by the Fortune 500 companies amid the financial crisis of the early 1980s. Then the company was established in Barbados in 1996. Then, in 1998, EXEL Limited merged with Mid Ocean Limited and rebranded the company?s name to XL Capital Ltd. in 1999. In the same year, this company formed Syncora, also known as Security Capital Assurance, offering bond insurance. After that, this newly formed company went public during a corporate spin-off in 2006.
