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XL Capital de-risking leads to reduced Q4 loss

09 February 2010

Bermudian insurer and reinsurer XL Capital today reported a net loss for the fourth quarter of 2009 of $40.3m, compared with a net loss of $1.4bn in the fourth quarter of 2008.

Read more: xl capital michael mcgavick

Bermudian insurer and reinsurer XL Capital today reported a net loss for the fourth quarter of 2009 of $40.3m, compared with a net loss of $1.4bn in the fourth quarter of 2008. The quarterly loss was as a result of $254.8m after-tax net realised losses on investments.

For the year, the company produced net income of $206.6m, compared with a net loss of $2.6bn in 2008.  

XL Capital’s property/casualty operations had a combined ratio of 96.4% for the quarter,...


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If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield