XL To Take $139M Charge For Tsunami, Storm Claims
NU Online News Service, Jan. 21, 3:19 p.m. EST? XL Capital Ltd. reported that it expects to take an after-tax charge of some $139 million as a result of last month's devastating Indian Ocean tsunami and higher-than-expected losses from U.S. hurricanes.[@@]
The Bermuda-based company said that based on initial loss reports and preliminary estimates, it expects $75 million in pre-tax net losses from the tsunami that struck South Asia on Dec. 26, 2004.
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