XL Capital Group's financial strength rating from AM Best will remain at A (excellent) after the Bermuda insurer published preliminary third-quarter results this week, the ratings agency said yesterda...
XL Capital Ltd. estimated yesterday that it made the biggest quarterly loss in its history around $1.6 billion in the three months through September this year.
After the company issued preliminary thi...
XL Capital Ltd. shares soared more than 70 percent by lunchtime today — even after the company announced it had lost an estimated $1.6 billion in the three months from July through September.
Separate...
Shares of Bermuda insurance giant XL Capital rebounded yesterday, as the US stock markets fell for the eighth successive day.
XL, which had lost around 80 percent of its market value over the previous...
Bermuda reinsurer PartnerRe yesterday revealed it had made a third-quarter underwriting profit despite the impact of hurricanes Gustav and Ike.
And the company's chief executive officer Patrick Thiele...
Bermuda-based business insurer XL Capital Ltd. recovered some of the enormous losses its share price suffered over the past week after the company announced estimated investment losses of around $1 bi...
Bermuda-based insurance giant XL Capital's share price yesterday lost more than half its value as US blue-chip stocks hit their lowest level in five years.
After an analyst raised concerns about XL's ...
Shares of troubled Bermuda insurance giant XL Capital shot up 38 percent in early trading today after the company revealed third-quarter investment losses could top $1 billion.
In a statement issued t...
Finance Minister Paula Cox has described the current global financial turmoil as a "perfect storm" and says that says Government is looking at ways to help Bermudians protect their income during the d...
Bermuda is not immune from the global financial turmoil that has plunged world markets into free fall, but the Island's international business sector could emerge well from the global carnage.
That is...
