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XL Capital Plans to Buy Back as Much as $1 Billion in Shares

c.2007 Bloomberg NewsFeb. 26 (Bloomberg) -- XL Capital Ltd., a Bermuda-based business insurer, said it would buy back as much as $1 billion of the company's shares.Purchases will be made from time to time, either in the open market or privately negotiated transactions, XL said in a statement distributed today by PR Newswire.

c.2007 Bloomberg News

Feb. 26 (Bloomberg) -- XL Capital Ltd., a Bermuda-based business insurer, said it would buy back as much as $1 billion of the company's shares.

Purchases will be made from time to time, either in the open market or privately negotiated transactions, XL said in a statement distributed today by PR Newswire.

--Editor: Stock

To contact the reporter on this story: Hugh Son in New York at +1-212-617-7872 or hson1

bloomberg.net

To contact the editor responsible for this story: Helen Stock at +1-212-617-2315 or hstock

bloomberg.net

-0- Feb/26/2007 14:32 GMT

02-26-07 1432GMT