03/03/2008 08:39:50 AM EST
Security Capital Assurance Ltd. Appoints Susan Comparato as General Counsel
HAMILTON, Bermuda – Security Capital Assurance Ltd. (NYSE:SCA ) announced today that Susan Comparato, 38, has been appointed general counsel, effective immediately. She will continue to report to the chief executive officer, Paul S. Giordano.
As the Company's general counsel, Ms. Comparato will be responsible for SCA's interaction with all regulatory institutions with oversight of SCA as a publicly traded insurance holding company. Additionally, Ms. Comparato will provide legal counsel and guidance for SCA's business initiatives. With her appointment, Ms. Comparato becomes an SCA executive officer and a member of the Company's executive committee.
Prior to her appointment as general counsel, Ms. Comparato had served as a managing director and general counsel of XL Capital Assurance Inc. (XLCA), the financial guarantee subsidiary of SCA, since 2004. During that time, she played an integral role in SCA's transition to a public holding company. Following her appointment, Ms. Comparato will still continue to serve as general counsel of XLCA and remain a member of XLCA's credit and managing committees. Ms. Comparato joined XLCA in 2001 serving as associate general counsel with a particular focus on asset-backed securities and collateralized debt obligations in the United States and international markets.
Prior to joining XLCA, Ms. Comparato worked for Barclays Capital, where she was an associate director, risk finance. Ms. Comparato began her career at Sidley & Austin, as an associate attorney in the securitization group. Ms. Comparato graduated magna *** laude from Georgetown University with a B.S. in Finance. She received a J.D. from the College of William and Mary. She is a member of the Association of Financial Guaranty Insurers' government affairs committee.