16 Insurers See Ratings Updates
Insurance Networking Ratings Corner, December 25, 2012
XL recently announced that it expects to incur estimated net losses of $350 million pre-tax from Hurricane Sandy. Fitch considers this level to be manageable, given the company's strong capitalization (net loss represents about 3 percent of shareholders' equity at Sept. 30, 2012), although the loss estimate is still subject to significant uncertainty.
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