XL boss bemoans 'heavy' Q1 catastrophe claims hit
XL Capital's property & casualty business's combined ratio slipped to 100.5% (Q1 2009: 92.1%) following what chief executive Mike McGavick described as "one of the heaviest levels of first quarter catastrophe activity in history".
The first quarter of 2010 saw 14.3 points added to the combined ratio as a result of the Chilean earthquake and Windstorm Xynthia. This was partially offset by 6.9 points of positive prior year
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