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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[X] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
XL Capital Ltd (f/k/a EXEL Limited)
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(Last) (First) (Middle)
Cumberland House, 1 Victoria Street
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(Street)
Hamilton HM11 Bermuda
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Risk Capital Holdings, Inc. (RCHI)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
March, 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 03/02/00 S 4,755,000 (D) $12.45 per share 0 NA NA
(see "Explanation
of Responses"
below)
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
7.Title and Amount Deriv- Form
2. of Underlying ative of
Conver- 5. 6. Date Securities 8.Price Secur- Deriv- 11. Nature
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ities ative of
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Bene- Security Indirect
1. of action Code of(D) (Month/Day/Year) Amount ative ficially Direct Bene-
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- Owned at (D) or ficial
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity End of In- Owner-
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. Month. direct(I) ship
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) (Instr.4) (Instr.4)(Instr.4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses: The consideration paid in the disposition of the
shares of common stock reported herein was in the form of common shares and
warrants to acquire common shares of each of Annuity & Life Re (Holdings), Ltd.
and Latin American Reinsurance Company, Ltd. valued in the aggregate at
$59,200,000.
/s/ Paul Giordano 04/07/00
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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