XL Capital Rating Remains Unaffected Per AM Best

A.M. Best Co. has commented that the financial strength rating of A+ (Superior) of XL Capital Group (Hamilton, Bermuda) and its affiliated companies remains unaffected following the recently announced $184 million pre-tax charge to cover prior year North American casualty line reinsurance losses. Also unaffected are the debt ratings of XL Capital Ltd. XL Capital's reserve strengthening relative to former NAC Reinsurance Corp's casualty business for accident years 1997 to 2000, falls within A.M. Best's anticipated range with risk-adjusted capital remaining at a superior level following the ...