XL CEO Sees Hard Market Into 2005
NU Online News Service, Aug. 4, 3:50 p.m. EDT?Brian O'Hara, chief executive officer at Bermuda-based XL Capital Ltd., told analysts that the high-priced hard market would continue well into 2005.
"As a frequent visitor to Bermuda, Mark Twain might have said 'the demise of the hard market has been greatly exaggerated,'" Mr. O'Hara said of recent reports that suggested that the strong marketplace condition is coming to a close. His comments on the industry came during a conference call to discuss XL Capital's second-quarter financial results.
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