XL posts solid third quarter
Global (re)insurer XL Capital has reported net third quarter income of $415.8m set against a net loss of $1,049.2 million for the Katrina and Rita affected third quarter in 2005.
Analysts Keefe Bruyette and Woods described the results as “solid”, pointing to an 86.8% combined ratio and 41% growth in investment income.
Commenting on the results, president and chief executive
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