XL Capital Hurricane Claims Near $220M

XL Capital Ltd (NYSE:XL) ("XL" or the "Company") announced yesterday that, based on initial loss reports and preliminary estimates, it expects to receive net claims arising from Hurricanes Frances and Ivan of approximately $70 million and $150 million, respectively. The majority of claims relating to Hurricane Frances are anticipated to be attributable to the Company's reinsurance segment, while claims relating to Hurricane Ivan are expected to be split, approximately equally, between its reinsurance and insurance segments. Approximately 30% of the claims from both Frances and Ivan s...