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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; [email protected]

Stock News for Xl Capital (XL)
DateTimeHeadline
01/18/201715:00:00XL Catlin Announces US Regional Leadership Promotions in Global...
01/18/201708:30:00XL Catlin Tops Advisen's Pacesetters Index for Insurance Product...
01/17/201711:00:00XL Catlin Announces Appointment of Dr. Henna A. Karna as Chief...
01/16/201714:00:00XL Catlin Appoints New Global Head of Placements, Ceded Reinsurance
01/09/201716:38:49Current Report Filing (8-k)
01/09/201716:21:00XL Group Ltd Announces Its Fourth Quarter 2016 Preliminary Loss...
01/05/201717:00:58Statement of Changes in Beneficial Ownership (4)
01/05/201717:00:07Statement of Changes in Beneficial Ownership (4)
01/05/201716:59:15Statement of Changes in Beneficial Ownership (4)
01/05/201716:57:58Statement of Changes in Beneficial Ownership (4)
01/05/201716:56:40Statement of Changes in Beneficial Ownership (4)
01/05/201716:53:13Statement of Changes in Beneficial Ownership (4)
01/05/201716:50:36Statement of Changes in Beneficial Ownership (4)
01/05/201716:49:44Statement of Changes in Beneficial Ownership (4)
01/05/201716:48:52Statement of Changes in Beneficial Ownership (4)
12/28/201618:32:11Statement of Changes in Beneficial Ownership (4)
12/27/201608:00:00XL Group Announces Retirement of David Radulski and Appointment...
12/15/201611:00:00Stonestep Raises $4M From XL Innovate to Deliver 'Microinsurance...
12/14/201611:30:00XL Catlin launches Active Assailant, Loss of Attraction and Threat...
12/13/201609:00:00XL Catlin Adds to North American Division of Global Mergers and...

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