XL details IPO of FG spin-off, Security Capital
Security Capital Assurance Ltd (SCA) – a newly-created holding company for XL’s financial guarantee insurance and reinsurance businesses conducted through XL Capital Assurance (XLCA) and XL Financial Assurance (XLFA) – has filed details of its proposed IPO with the SEC. The share sale could raise up to $100m for XL.
Through its operating units of XLCA and XLFA, SCA will provide credit enhancement products to public finance and structured finance markets throughout the US and internationally. Under the
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