XL to take $830m Q4 loss from Winterthur dispute
XL Capital Ltd has announced that it could receive only $575m net from Winterthur as compensation for adverse developments occurring after its 2001 purchase of the Swiss firm’s International business units.
The figure comes from a draft report by the Independent Actuary appointed to resolve the long-running dispute between the two organisations.
XL says that this means that, barring “manifest errors”
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