XL Unit Doubles Funding Through Credit Agreement to $200 Million

XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, said its XLIT subsidiary doubled the amount of funds available through letters of credit and revolving loans to $200 million by amending an agreement with Citigroup Inc.

The unit today amended the agreement reached Aug. 6, Dublin-based XL said in a regulatory filing.

To contact the reporter on this story: Marci Jacobs in New York at Mjacobs63@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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