Exhibit 21.1
NAIC # FEIN #
XL CAPITAL LTD - CAYMAN 98-0191089
XL CAPITAL INVESTMENT MANAGEMENT LTD - BERMUDA
EXEL HOLDINGS LIMITED - CAYMAN
XL INSURANCE LTD - BERMUDA
XL FINANCIAL ASSURANCE LTD. (85%) - BERMUDA
XL CAPITAL PRODUCTS LTD - BERMUDA
XL INVESTMENTS LTD - BERMUDA
X.L. Investment Private Trustee Ltd. - BERMUDA
X.L. Investments (Barbados) Inc. - BARBADOS
Annuity & Life Re (Holdings) Ltd (5.6%) - BERMUDA
First Cumberland Bank, Inc. - BARBADOS
Garrison Investments Inc. - BARBADOS
Kensington Investments Inc. - BARBADOS
XLB Partners Inc. - BARBADOS IBC
Cumberland Holdings, Inc. - DE 98-0174616
Cumberland California, Inc. - DE 98-0174621
Pareto Hughes Research (30%) - DE 95-4590570
Pareto Partners (30%) - CA 13-3609837
Cumberland New York, Inc. - DE 98-0174619
Pareto (30%) - NY 95-4627346
InQuisLogic Ltd. - BARBADOS
InQuisLogic Inc. - DE 06-1542517
RiskConnect Ltd. - BARBADOS
RiskConnect Inc. - DE
FINANCIAL SECURITY ASSURANCE INTERNATIONAL LTD. (20%) - BERMUDA
XL GLOBAL SERVICES (BERMUDA) LTD. - BERMUDA
X.L. HOLDINGS BARBADOS LTD. - BARBADOS
X.L. America, Inc. - DE 06-1516268
ECS INC. - PA 23-2152934
ECS Alternative Market Services, Inc. - PA 23-2741979
ECS Holdings, Inc. - DE 23-2683777
ECS International, Inc. - DE 23-2683775
ECS Asesores en Seguros Medioambientales, S.A.R.L. - SPAIN
The ECS Group, Ltd - UK 2711579
ECS Underwriting Ltd. - UK 2549841
ECS Asesores en Aseguramiento de Riesgos Ambientales S.A. de C.V. - MEXICO
Risk & Insurance Services, Inc. - BARBADOS
ECS Underwriting, Inc. - PA 23-2901851
ECS Claims Administrators, Inc. - PA 23-2614107
ECS Risk Control, Inc. - PA 23-2321718
ECS Child Care Center, Inc. - PA 23-2866192
Brockbank Insurance Services, Inc. - CA
Global Credit Analytics, Inc. - DE 13-4048460
XL Global Services, Inc. - DE 06-1527321
NAC RE CORPORATION - DE 20583 13-3297840
NAC Reinsurance Corporation (A - 76%) - NY
NAC Re Investment Holdings, Inc. - DE 06-1529606
Greenwich Insurance Company (A - 5%) - CA 22322 95-1479095
Warranty Support Services, Inc. - NY
Indian Harbor Insurance Company (A - 5%) - ND 36940 06-1346380
XL Insurance Company of New York, Inc. (A - 7%) - NY 40193 13-3787296
XL Capital Assurance Inc. - NY 11007 13-4079733
Intercargo Corporation - DE 36-3414667
International Advisory Services Inc. - IL 36-3081634
XL Specialty Insurance Company (A - 7%) - IL 37885 85-0277191
Intercargo Insurance Company H.K. Ltd. - HK
Intercargo International Limited - BVI AA-004102
Element Re Capital Products Inc. - DE
Element Re Advisors Inc. - DE
XL Global Insurance, Inc. - DE
XL Global, Inc. - DE
Element Reinsurance Ltd
XL Financial Solutions Ltd - BERMUDA
XL Trading Partners Ltd - BERMUDA
SOVEREIGN RISK INSURANCE LTD. (50%) - BERMUDA
X.L. ONE LTD. - BERMUDA
XL Europe Ltd (50%) - REPUBLIC OF IRELAND
X.L. TWO LTD. - BERMUDA
XL Europe Ltd (50%) - REPUBLIC OF IRELAND
XL Australia Pty Ltd - AUSTRALIA
XL Prevent Ltd - UK
Le Mans Re (A - 49%) - FRANCE
IPT COMPLIANCE LIMITED - UK
EXEL CUMBERLAND LIMITED - UK
Pareto Partners (30%) - UK
Pareto Australia - AUSTRALIA
Vision Loyal Ltd. (30%) - UK
INQUISCAPITAL HOLDINGS (BERMUDA) LIMITED - BERMUDA
InQuisLogic (Bermuda) Limited - BERMUDA
RiskConnect Limited - BERMUDA
ANNUITY & LIFE RE (HOLDINGS) LTD (6%) - BERMUDA
EXEL ACQUISITION LTD. - CAYMAN
GCR HOLDINGS LIMITED - CAYMAN (IN LIQUIDATION)
REEVE COURT INSURANCE COMPANY (50%) - BERMUDA
REEVE COURT GENERAL PARTNER LIMITED
Reeve Court 6 Limited Partnership - BERMUDA
Reeve Court 4 Limited Partnership - BERMUDA
REEVE COURT HOLDINGS LTD. (50%) - BERMUDA
X.L. PROPERTY HOLDINGS LTD. - BERMUDA
MID OCEAN LIMITED (100%)- CAYMAN
MID OCEAN HOLDINGS LIMITED - BERMUDA
XL Re Ltd - BERMUDA
NAC Re International Holdings - UK
NAC Reinsurance International Limited - UK
XL Services UK Limited - UK
ECS Reinsurance Company Inc. - BARBADOS 98-0086637
Sunshine State Holdings Corporation (24%) - FL The Shipowners
Insurance and Guaranty Company Ltd. (4.6%) - BERMUDA
Global Capital Underwriting Ltd. - UK
LARC Holdings, Ltd. - BERMUDA
Latin American Reinsurance Company, Ltd. - BERMUDA
Ridgewood Holdings Limited - BERMUDA
XL Capital International Limited - UK
XL Financial Products Ltd - UK
Admiral Group Limited (10%)
XL Brockbank Group Plc - UK
Brockbank Holdings Limited - UK
Baltusrol Holdings Ltd - BERMUDA
County Down Limited - CORPORATE MEMBER SYNDICATE 2253
Dornoch Limited - CORPORATE MEMBER SYNDICATE 1209
Stonebridge Underwriting Limited
XL Brockbank Underwriting Ltd - UK
Brockbank Personal Lines Limited - SYNDICATES 253/2253
Cassidy Brockbank Limited (DORMANT)
XL Brockbank Ltd - SYNDICATES 588/861/1209
Denham Syndictae Management Limited
Brockbank Syndicate Services Limited
Sextant International Limited (25%)
A. Company is a member on NAC Reinsurance, Intercargo Pooling
Agreement with individual company pooling %'s noted.