O’Hara puts brave face on WI setback and reveals “significant” equity funding plans
President and CEO of Bermudian (re)insurer XL Brian O'Hara, has described the draft Actuary’s report in connection with the Company's acquisition of Winterthur International (WI) 2001 as “disappointing” whilst outlining and XL's planned capital initiatives and naming its hitherto unknown new quota share reinsurer as Cyrus Re.
"While extremely disappointing, the IA's draft report removes the uncertainty that has existed since the IA review process began," Mr. O'Hara said. "The IA draft report, which we are still reviewing
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