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Reweb - XL Capital reports loss.
(From Reinsurance)
XL Capital has reported that it made a loss of $314.8m in the last quarter of 2003, down substantially on the $214.1m profit made over the same period of 2002. The company said the fourth quarter result included the impact of the $694.1m pre-tax reserve charge that it announced in January, which was caused by adverse developments in its North American reinsurance operations for ...
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