XL Capital Tsunami Loss at $75M

XL Capital Ltd (NYSE: XL) ("XL" or the "Company") announced yesterday that, based on initial loss reports and preliminary estimates, it expects pre-tax net losses arising from the tsunami that struck South Asia on December 26, 2004, of approximately $75 million. Approximately two-thirds of these estimated losses are expected to be attributable to XL's insurance segment, with the balance attributable to its reinsurance segment. The majority of expected losses relate to property exposure with marine, motor and personal accident exposures also affected.Separately, the Company has revised i...