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XL Capital Sees $160 Million-$230 Million Losses From Quake, Storm

DOW JONES NEWSWIRES XL Capital Ltd. (XL) estimated losses of $160 million to $230 million from last month's earthquake in Chile and windstorm in Europe. The magnitude-8.8 earthquake was one of the strongest on record. Windstorm Xynthia killed dozens of people as it swept across Portugal, Spain, France, Belgium, the Netherlands, Luxembourg and Germany. Both hit in the last weekend of February. XL's losses from the quake are seen at $140 million to $205 million, with $75 million to $85 million attributable to the insurance segment and $65 million to $120 million to the reinsurance segment. XL expects losses of $20 million to $25 million from the storm, almost exclusively in reinsurance. Overall, XL put industry losses at $6 billion to $8 billion for the earthquake and $1.5 billion to $3 billion for Xynthia. The company reported in February that its fourth-quarter loss narrowed as the property-and-casualty insurer's turnaround continued, but investment losses still hit the bottom line. The company, like many in the insurance field, have benefited from a mild hurricane season. XL shares were flat at $19.46 in after-hours trading. The stock has nearly quintupled over the past year. -By Jay Miller, Dow Jones Newswires; 212-416-2355; jay.miller@dowjones.com

Stock News for Xl Capital (XL)
DateTimeHeadline
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05/19/201508:47:41Current Report Filing (8-k)
05/15/201517:13:02Statement of Changes in Beneficial Ownership (4)
05/15/201517:07:23Statement of Changes in Beneficial Ownership (4)
05/15/201517:02:36Statement of Changes in Beneficial Ownership (4)
05/12/201517:14:05Current Report Filing (8-k)
05/12/201517:03:54Statement of Changes in Beneficial Ownership (4)
05/12/201516:59:29Statement of Changes in Beneficial Ownership (4)
05/12/201516:52:47Statement of Changes in Beneficial Ownership (4)
05/12/201516:51:30Statement of Changes in Beneficial Ownership (4)
05/12/201516:50:13Statement of Changes in Beneficial Ownership (4)
05/12/201516:48:54Statement of Changes in Beneficial Ownership (4)
05/12/201516:47:37Statement of Changes in Beneficial Ownership (4)
05/11/201517:51:08Initial Statement of Beneficial Ownership (3)
05/11/201517:48:53Initial Statement of Beneficial Ownership (3)
05/11/201517:47:04Initial Statement of Beneficial Ownership (3)
05/11/201517:42:36Initial Statement of Beneficial Ownership (3)
05/11/201516:45:00XL Group plc Announces Appointment of Eugene McQuade as Chairman...
05/11/201516:42:57Quarterly Report (10-q)

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