underwriting manager recognised for its expertise in integrated environmental insurance coverages. The terms of the transaction were not disclosed.

ECS, headquartered in Exton, Pennsylvania, is a leading provider of integrated environmental risk management services to business and industry worldwide incorporating innovative environmental insurance, specialised risk control services and expert claims management. As an underwriting manager, ECS placed approximately $200 million of gross written premium in 1998. Historically, ECS's book of business has been profitable, characterised by a significant, claims-made component which fits well with XL Capital's other casualty business. ECS will begin writing business for US subsidiaries of XL Capital at year-end 1999.