XL Group Sees Sandy Losses of $350M

by Paul Quintaro, Benzinga Editor

December 12, 2012 4:17 PM | 13 seconds read | Make a Comment

XL Group plc

today announced its preliminary net loss estimate related to Storm Sandy of $350 million, pretax and net of reinsurance and reinstatement premiums. Approximately 60% of the Company's estimated loss relates to the Reinsurance segment.

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XL Group Sees Sandy Losses of $350M