NU Online News Service, Oct. 30, 3:20 p.m.EDT
XL Capital Ltd. reported a 2009 third-quarter net loss availableto ordinary shareholders of $11.4 million. Though the (re)insurerposted a loss for the quarter, it was significantly less than the2008 third-quarter net loss of $1.6 billion.
Hamilton, Bermuda-based XL Capital Chief Executive Officer MikeMcGavick credited solid underwriting and careful expense managementwith the turnaround, but acknowledged that "clearly there are areasfor continued improvement."
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