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XL Unit Doubles Funding Through Credit Agreement to $200 Million

Sept. 12 (Bloomberg) -- 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

To contact the editor responsible for this story: Dan Kraut at

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