UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
————————————
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of
1934
Date
of Report (Date of earliest event reported): November 15,
2006
————————————
XL
CAPITAL LTD
(Exact
name of registrant as specified in its charter)
————————————
|
Cayman
Islands
|
1-10809
|
98-0191089
|
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer Identification No.)
|
XL
House, One Bermudiana Road, Hamilton, Bermuda HM 11
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (441) 292 8515
Not
Applicable
(Former
name or former address, if changed since last report)
————————————
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[
]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
8.01. Other Events.
A
subsidiary of XL Capital Ltd (the "Company") is among a number of industry
members which have received a grand jury subpoena from the Antitrust Division
of
the U.S. Attorney's Office for the Southern District of New York seeking
documents in connection with an investigation into the municipal guaranteed
investment contract ("GIC") market and related products. Another subsidiary
of
the Company has received a subpoena from the United States Securities and
Exchange Commission as part of its investigation entitled In
the
Matter of Certain GIC Brokers.
The
Company intends to cooperate fully with these investigations.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: November
16, 2006
XL
CAPITAL
LTD
(Registrant)
By:
/s/
Kirstin Romann Gould
Name:
Kirstin
Romann Gould
Title:
Secretary