XLLIAC

AcronymDefinition
XLLIACXL Life Insurance and Annuity Company (Illinois)
References in periodicals archive ?
The rating downgrades of XLLIAC reflect the announced discontinuance of new business and the continued run off of its existing liabilities.
Best believes that all investors in the GMTN program are exposed to the inherent credit, liquidity and business risks of the sponsoring insurance company, XLLIAC.
The rating incorporates the expectation that XLLIAC will grow its funding agreement business in a controlled manner and will review with A.
XLLIAC is part of XL Capital's Financial Products and Services segment--branded "XL Financial"--which provides financial guaranty insurance and reinsurance, institutionally oriented life contracts and weather and energy risk management products.
To date, XLLIAC has issued four funding agreement contracts totaling $875 million, including two deals of $125 million and $200 million during 2004.