XL third quarter figures point to overall loss for the year
XL Capital has announced, based on current loss reports and estimates, it expects pre-tax net losses arising from Hurricanes Katrina and Rita will be approximately $1.16bn (£652m) and $263.6 million, respectively.
The Company also expects pre-tax net losses from other, previously announced natural catastrophes in the third quarter will be approximately $89.7 million. After taking into account net reinstatementOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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