Disaster Exposure, Adverse Ruling Hit XL Capital's 4Q Earnings

Meyers, Maxwell
February 2006
Bond Buyer;2/9/2006, Vol. 355 Issue 32316, p7
Trade Publication
The article reports on the impact of natural disaster and the loss of a key arbitration ruling on the financial performance of XL Capital Ltd., the parent company of municipal bond insurer XL Capital Assurance in the U.S. The result of the losses incurred by the company's property and casualty business is included in the article.


Related Articles

  • XL reports huge loss, but outlook brightens. Greenwald, Judy; Coccia, Regis // Business Insurance;2/16/2009, Vol. 43 Issue 7, p1 

    The article reports on the financial performance of financial services company XL Capital Ltd. in Hamilton, Bermuda, in the fourth quarter of 2008. The company reported big losses during the period, but analysts say its property/casualty operations remain strong. It notes that XL's investment...

  • ACE Ltd. Poised To Seize Opportunities From XL Woes. Sclafane, Susanne // National Underwriter / P&C;8/4/2008, Vol. 112 Issue 29, p8 

    The article reports on the 15 % increase of ACE Ltd.'s net income in the second quarter of 2008 in Bermuda Islands. It states that the increase is due to the financial difficulties confronting XL Capital Inc., ACE's longtime competitor in the insurance market. According to Evan Greenberg,...

  • Subprime losses grow for some P/C insurers. Greenwald, Judy // Business Insurance;5/26/2008, Vol. 42 Issue 21, p1 

    The article reports on the impact of the 2007-2008 subprime credit crisis on U.S. commercial property and casualty insurers. AIG reported a $7.81 billion loss for the first quarter of 2008. XL Capital Ltd. and Cincinnati Financial Corp. reported net unrealized losses of $1.4 billion and $232...

  • XL Capital Skips Acquisition Route, Enters U.S. Primary Casualty Market. Green, Meg // Best's Review;Jun2004, Vol. 105 Issue 2, p58 

    Reports that XL Capital Ltd. will join the U.S. primary casualty risk market in the U.S. Inclusion of the company's offer; Provision of the XL Capital Group; Primary casualty strategy.

  • U.S. insurers post record first-half income.  // Canadian Underwriter;Nov2004, Vol. 71 Issue 11, p6 

    Reports on the financial performance of U.S. property and casualty insurance companies during the first six months of 2004. Value of the underwriting profit of the insurers; Information on the net written premium growth during the same period in 2003; Significance of third-quarter hurricane...

  • Quicksand�. Van Zyl, Sean // Canadian Underwriter;Jan2005, Vol. 72 Issue 1, p6 

    Presents an article about the insurance industry in the U.S. and Canada. Financial performance of property and casualty insurance companies in the countries for the third quarter of 2004; Factors that will contribute to the performance of the industry in 2005, such as the overall rise in...

  • Canadian P&C industry cautioned about past soft markets.  // Canadian Underwriter;Jul2007, Vol. 74 Issue 7, p6 

    The article reports on the financial results of the property and casualty insurance industry of Canada during year 2006, according to a report from A.M. Best. The sector has posted a 17% return on equity in 2006. The capital test ratio of the sector is about 250%. The report warns about the...

  • P/C results for 1st 9 months 2003 confirm continuing recovery from soft market.  // Insurance Advocate;01/05/2004, Vol. 115 Issue 1, p31 

    Reports on the increase of the net income of the U.S. property/casualty industry in the first nine months of 2003 according to Insurance Services Office Inc. and the National Association of Independent Insurers. Improvement of the insurers' profitability in 2003; Growth of net investment income...

  • Cyclical Business . . . Van Zyl, Sean // Canadian Underwriter;Mar2005, Vol. 72 Issue 3, p6 

    Discusses the financial performance of the property and casualty (PC) insurance industry in Canada, highlighted during a press conference held by the Insurance Bureau of Canada in March 2005. Average return on equity generated by the industry from 2000 to 2004; Impact of the alleged association...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics