XL reports Q3 net loss of $1.65-1.67bn
XL, the Bermudian (re)insurer, reported third quarter net losses of $1.65-1.67bn, hit by its previously-reported charge of $1.4bn related to the seperation of the company from its beleagured credit insurer, SCA.
The group also had a charge of $195.4m relating to Hurricanes Gustav and Ike, which ravaged the US Gulf of Mexico in September. XL added that it had net realised losses on investment sales of $40.3m
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