Moody’s downgrades XL Insurance, but XL Re affirmed
Moody's has downgraded the insurance financial strength ratings of XL's leading insurance operating subsidiaries, including XL Insurance (Bermuda) Ltd to Aa3 from Aa2 as well as the senior debt rating of XL Capital Ltd to A3 from A2 and has downgraded the. However, the insurance financial strength ratings of XL's leading reinsurance operating subsidiaries, including XL Re, were confirmed at Aa3.
These actions conclude the review for possible downgrade that was initiated on September 13, 2005 following XL's announcement about its estimated losses from Hurricane Katrina.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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