XL Sees Significant 3-Q Improvement

NU Online News Service, Nov. 1, 10:36 a.m. EST?XL Capital reported significant improvement for the third quarter compared with 2001, and said it is well positioned to take advantage of the continuing hard market next year.

For the third quarter, the Hamilton, Bermuda-based insurer reported a combined ratio of 91 percent compared to 233.3 percent for 2001. For the nine months, combined ratio stood at 97.1 percent for 2002 compared to 145.2 percent last year.

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