NU Online News Service, July 31, 2:20 p.m. EDT

Hamilton, Bermuda-based XL Capital Ltd. has reported 2009 second-quarter net income of $79.9 million, a 66 percent decline from the $237.9 million reported in the 2008 second quarter.

The decrease reflects a foreign exchange loss of $145.2 million as well as a decline in net investment income, the company said.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.