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Workers' Compensation News


 
XL Capital Rating Affirmed, Negative Outlook, Moo 10/22/2003
State: NA | Segment: Top | 190 | 0
Moody's Investors Service has confirmed the ratings of XL Capital Ltd (A1 senior unsecured debt) and supported debt-issuing affiliates, as well as the Aa2 insurance financial strength ratings of members of the XL America intercompany pool, XL Re Ltd and UK-based XL Insurance Company Limited and chan...Read More
 
 
XL Capital Rating Remains Unaffected Per AM Best 10/22/2003
State: NA | Segment: Top | 104 | 0
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. Al...Read More
 
 
XL Capital Placed On CreditWatch Negative By S&P 10/20/2003
State: NA | Segment: Top | 96 | 0
On Oct. 17, 2003, Standard & Poor's Ratings Services placed its 'A+' counterparty credit, 'A+' senior unsecured debt, and 'A-' preferred stock ratings on XL Capital Ltd. and other core holding companies and its 'AA' counterparty credit and financial strength ratings on the members of XL America Pool...Read More
 
 
XL Capital 3Q to be Lower Than Expected 10/20/2003
State: NA | Segment: Top | 97 | 0
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 re...Read More
 
 
XL America Announces Dennis Kane As Exec VP 10/16/2003
State: NA | Segment: Top | 107 | 0
XL America, Inc., a subsidiary of XL Capital Ltd (NYSE:XL) ("XL"), announced yesterday the appointment of Dennis Kane as Executive Vice President in XL's commercial large account insurance business known as XL Insurance Global Risk ("XLIGR"). Mr. Kane will lead the U.S. expansion of XLIGR ...Read More
 
 
XL Capital Reports Huge Gains for 2Q 08/04/2003
State: CA | Segment: Top | 179 | 0
XL Capital Ltd ("XL" or the "Company") (NYSE: XL) Friday reported net income available to ordinary shareholders for the quarter ended June 30, 2003 of $347.7 million, or $2.51 per ordinary share, compared with a net loss of $91.7 million, or $0.68 per ordinary share, in the second quarter of 2002. '...Read More
 
 
X-Mod Data of Sable Not Getting to WCIRB 08/15/2002
State: Natl. | Segment: Top | 46 | 0
Experience rating modification codes, or "x-mods" as they are known to underwriters and agents, may be in jeopardy of being statistically irrelevant if the Conservation and Liquidation Office (CLO) of the State of California extends a decision concerning Sable Insurance Co. to other conserved worker...Read More
 
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