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News - XL Capital results hit by 2005 windstorms.

Europe Intelligence Wire

| March 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

XL Capital has reported a net loss of $821.9m for the quarter ended 31 December 2005, compared with net income of $288m for the same period of 2004.

Net loss for the quarter ended 31 December 2005 included net losses of $834.2m, pre- and post-tax, associated with the Winterthur International independent actuarial decision.

The quarter ended 31 December 2005 also included pre-tax net losses from Hurricane Wilma of $247.1m and additional pre-tax net losses of $210.8m related to the 2005 third-quarter natural catastrophes. These additional net losses ...

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