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Reuters UK (Free subscription) | 11/04/2008
*XL Q3 net loss $6.09/shr vs profit of $1.82/shr yr-ago*Shares fall 1.2 percent in extended tradingNEW YORK, Nov 3 (Reuters) - XL Capital Ltd (XL.N: ), a large Bermuda-based insurer, posted a quarterly net loss of $1.65 billion, in line with a preliminary figures issued last month.XL said the net loss equaled $6.09 a share, according to a filing with the U.S. Securities and Exchange Commission....
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PR News Wire (Free subscription) | 10/31/2008
HAMILTON, Bermuda, Oct. 31 /PRNewswire-FirstCall/ -- XL Capital Ltd
("XL" or the "Company") (NYSE: ) announced today that its Board of
Directors declared a quarterly dividend on October 31, 2008 of $0.19 per
Ordinary Share payable on the Company's Ordinary Shares. The dividend will
be payable on December 30, 2008 to Ordinary Shareholders of record as of
December 9, 2008.
In addition, the Board...
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Business Wire (Free subscription) | 10/16/2008
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has commented that the financial strength (FSR) and issuer credit ratings (ICR) of XL Capital Group (XL Capital) (Bermuda) and its
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Law Blog - WSJ.com (Free subscription) | 10/15/2008
The chairman of XL Capital said he was forced to sell 80% of his stock last week to meet a margin call.
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Market Watch (Free subscription) | 10/14/2008
NEW YORK (MarketWatch) -- Insurer XL Capital Corp said on Tuesday it expects to report a third quarter loss of $1.65 billion to $1.67 billion, or $6.08 a share to $6.17 a share. That compares to the profit of $328 million, or $1.82 a share in the year-ago period. The estimates include previously announced charges, including $1.4 billion of costs associated with its acquisition of Syncora Holdings...
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DealBook (Free subscription) | 10/14/2008
As always, timing is everything in the financial markets. Shares of XL Capital climbed more than 70 percent on Tuesday after the Bermuda-based insurer offered reassurances that it had sufficient capital to meet its needs despite the credit crisis. But the company’s chairman, Brian M. O’Hara, missed out on most of the gains. XL Capital said Mr. [...]
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PR News Wire (Free subscription) | 10/14/2008
HAMILTON, Bermuda, Oct. 14 /PRNewswire-FirstCall/ -- XL Capital Ltd
("XL" or the "Company") (NYSE: ) announced today that the Chairman of its
Board of Directors, Brian M. O'Hara, involuntarily sold approximately 80%
of his XL common shares on October 9th in order to meet a margin loan call.
Mr. O'Hara commented: "I regret that last Thursday I was forced to sell
approximately 80% of my XL shares....
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Reuters UK (Free subscription) | 10/14/2008
(Updates share price)NEW YORK, Oct 14 (Reuters) - XL Capital Ltd (XL.N: , , ), a large Bermuda-based insurer, estimated on Tuesday a quarterly net loss of $1.65 billion to $1.67 billion, and said its chairman involuntarily sold about 80 percent of his common shares last week to meet a margin loan call.However, the company's estimate of profit excluding one-time items was above analysts' forecast,...
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PR News Wire (Free subscription) | 10/14/2008
... per ordinary share of $21.50 to $21.65
HAMILTON, Bermuda, Oct. 14 /PRNewswire-FirstCall/ -- XL Capital Ltd
("XL" or the "Company") (NYSE: ) today reported an estimated net loss to
ordinary shareholders for the quarter ended September 30, 2008 of between
$1.65 billion to $1.67 billion, or a loss of $6.08 to $6.17 per ordinary
share, compared with net income of $328.0 million, or $1.82 per...
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Law Blog - WSJ.com (Free subscription) | 10/10/2008
OCTOBER 10, 2008, 9:26 A.M. ET XL Capital Says Investment Losses Ballooned By more in »Insurance company XL Capital Ltd. estimates its investment portfolio lost $1 billion to $1.2 billion in value last quarter amid write-downs and losses on securities sales.The announcement comes as the company's stock has been pummeled, plunging ... Share: Yahoo! Buzz MySpace Digg Back To Email Newsletters...
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PR News Wire (Free subscription) | 10/10/2008
HAMILTON, Bermuda, Oct. 10 /PRNewswire-FirstCall/ -- XL Capital Ltd
("XL" or the "Company") (NYSE: ) provided the following preliminary
metrics on its expected third quarter 2008 results. The results for the
quarter are currently being reviewed by the Company's independent auditors
and accordingly the estimates below are subject to change.
-- Book value, as of September 30, 2008, is expected...
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naked capitalism (Free subscription) | 10/09/2008
... being in serious risk of failure trade on an upfront basis. Another story shows similar pricing of XL Capital CDS. Concerns about MetLife became serious when the company announced it was writing down its investment portfolio and withdrew its 2008 earnings forecast . From Reuters : Metlife Inc's credit default swaps on began trading on an upfront basis on Thursday, indicating perceptions...
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Market Wire - Investment Opinion (Free subscription) | 10/09/2008
... Corporation (NYSE: CHK), Time Warner Inc. (NYSE: TWX), Verizon Communications Inc. (NYSE: VZ) and XL Capital Ltd. (NYSE: XL) should take this opportunity to get free in-depth research by signing up for a free membership at www.maybachfinancial.com. Our
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Red Orbit (Free subscription) | 11/11/2008
EXTON, Penn., Nov. 11 /PRNewswire-FirstCall/ -- XL Insurance, XL Capital Ltd's global insurance operation , today announced that Silverstein Properties of New York and The Christman Company of Lansing, Michigan are the recipients of XL Insurance's 2008 Green Contractor Award.
