XL Says Sandy Cost $350 Million, Fueled by Reinsurance Losses
By Zachary Tracer -
2012-12-12T21:18:19Z
XL Group Plc (XL), the insurer led by Chief Executive Officer Mike McGavick, said superstorm Sandy cost the company about $350 million before tax.
About 60 percent of the sum relates to the reinsurance segment, the Dublin-based company said today in a statement distributed by PR Newswire.
To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net
To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.