XL Capital: $120 Million Investment Loss
NU Online News Service, July 18, 11:15 a.m.EST?XL Capital Ltd., Hamilton, Bermuda, announced today itexpects investment losses of $120 million, mostly fromtelecommunications holdings, and it will increase reserves $200million to cover U.S. terrorist losses.
Brian M. O'Hara, president and chief executive officer of XL,said despite an "intensive reserve analysis immediately followingSept. 11, the unprecedented nature of the attacks has resulted inhigher losses as information has developed."
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