Hamilton, Bermuda —
Esposito, who was set to retire as XL chairman at a later date, said that SCA's current need for his full attention outweighed his desire to adhere to his original retirement schedule.
"While I am saddened by my decision to retire from XL earlier than I had planned, I can reflect proudly on the past 21 years as a founding XL director on what has become a leading global franchise in the insurance and reinsurance industry, and look forward to assisting SCA in addressing its current challenges."
Source: XL Capital Ltd