XL Capital Taking $160 M Hit

NU Online News Service, Oct. 17, 12:14 p.m.EDT?Hamilton, Bermuda-based XL Capital Ltd announced todaythat its third-quarter net income will be reduced by roughly $160million after-tax as the firm accounts for higher-than-expectedlosses in its North American reinsurance operations.

The company's chief executive said in a statement he wouldpersonally lead a review of all aspects of the book that caused theloss.

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