XL Capital Ltd
("XL" or the "Company") (NYSE: XL) announced Friday that third quarter results
will be lower than anticipated due to higher than expected losses in its North
American reinsurance operations primarily from new casualty claims for the
1997 to 2000 underwriting years. As a result of these losses, the Company
expects its third quarter 2003 net income to be reduced by approximately
$184 million pre-tax or $160 million after-tax, or approximately $1.16 per
ordinary share, compared to analysts' current expectations. The Company will
report third quarter results after the close...
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