XLCA Receives Calif. License, Opens Walnut Creek Office

August 1, 2002

XL Capital Assurance Inc. (XLCA) has received its financial guarantee license from the State of California and opened an office in Walnut Creek. Neil Pack, managing director for West Coast public finance, heads the Walnut Creek office.

“XLCA continues to expand—and has virtually completed—its licensing platform,” said David Stevens, president of XLCA. “With the California license, we will be able to provide AAA-rated credit enhancement to issuers and investors in that state who are seeking a new name of the highest quality, as well as substantial capacity.”

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