Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

23 April 2018

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XL pre-announces $245mn of Q4 cat losses

10 January 2017

XL Group said it would take $130mn of losses from Hurricane Matthew and $75mn of claims from the New Zealand earthquake in the fourth quarter of 2015.

The company has warned investors to expect net catastrophe losses of around $245mn in total for the quarter.

Just over half of the Q4 loss will fall in the Bermuda-based carrier's insurance segment with the remaining $120mn expected to be paid by its reinsurance division.

The carrier said its costs from Hurricane Matthew...

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