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XL reveals hurricane Charley losses

Bermudan insurer XL Capital expects to receive net claims of approximately $125m (£68.4m) as a result of Hurricane Charley, which struck the United States on August 13th.

In a company statement, it said:

"the majority of XL’s claims from the hurricane are expected to come from its Bermuda-based reinsurance unit. The financial impact of the hurricane related claims will

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