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.

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