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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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Business Wire (Free subscription) | 10/16/2008
These rating actions reflect XL Life’s diminishing business profile within XL Capital Ltd, the pressure on capitalization primarily due to FAS 115 adjustments and the generally declining premium produced by XL Life. In addition, XL Capital Ltd has indicated that the life operations have been undergoing a strategic review, which is expected to conclude in fourth quarter 2008. Although...
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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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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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PR News Wire (Free subscription) | 10/14/2008
- Estimated net loss to ordinary shareholders of $1.65 billion to $1.67
billion or a net loss of $6.08 to $6.17 per ordinary share. This includes
the following previously announced pre-tax items:
a) A charge of $1.4 billion related to the transaction closed on August 5,
2008 with Syncora Holdings Ltd (formerly Security Capital Assurance Ltd)
and certain of its subsidiaries, ("Syncora").
b) Net...
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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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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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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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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.
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PR News Wire (Free subscription) | 11/13/2008
HARTFORD, Conn., Nov. 13 /PRNewswire-FirstCall/ -- XL Insurance, the
global insurance operations of XL Capital Ltd (NYSE: ), today named
Donald R. Allard as leader of its Select Professional group.
Mr. Allard, who is based in XL's Dallas office, was previously Senior
Vice President, Miscellaneous Professional Liability, which includes, among
others, Lawyers E&O. In his new role, he will oversee...
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PR News Wire (Free subscription) | 11/11/2008
EXTON, Penn., Nov. 11 /PRNewswire-FirstCall/ -- XL Insurance, XL
Capital Ltd's global insurance operation (NYSE: ), 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.
This award honors companies for their exemplary risk management strategies
that promote environmental health and welfare...
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PR News Wire (Free subscription) | 11/11/2008
NEW YORK, Nov. 11 /PRNewswire-FirstCall/ -- XL Insurance, XL Capital
Ltd's global insurance operations, today unveiled a new product, XL
Tech(SM), an Errors & Omissions (E&O) policy for technology products and
service providers.
According to David Molitano, XL Insurance's Technology E&O manager:
"Today, companies rely on various technologies to conduct some or many
aspects of their business....
