Free Trial Corporate Access
Reactions - Financial Intelligence for the Global Insurance Market
Reactions Copying and distributing are prohibited without permission of the publisher

XL "will not shy away from our 2011 results”

09 February 2012

XL Group posts net loss of $515.5m for the fourth quarter and $474.8m for the year.

Read more: xl group mike mcgavick

XL Group has posted a net loss of $515.5m for the fourth quarter, compared with net income of $188.1m in the same period in 2010.

For the full year, the firm made a net loss of $474.8m, compared with $585.5m in 2010. The firm said this was largely driven by a non-cash goodwill impairment charge of $429m in the fourth quarter, in addition to natural catastrophe losses for the quarter and full year.

The fourth...


  

   
July/August 2016 
In this month's Reactions
 London Market Awards
 Blockchain
 Pandemic
 John Cavanagh

Click here to view this issue


  • Tropical Storm Madeline 27 Aug 2016 - Tropical Storm Madeline formed in the East Pacific Ocean in the early ...
  • Hurricane Gaston (07A) 26 Aug 2016 - Gaston has tracked northwest over the central Atlantic Basin over the past ...
  • Typhoon Lionrock (12W) 26 Aug 2016 - Typhoon Lionrock has strengthened over the past two days as it tracked ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.