NU Online News Service, Oct. 13, 11:05 a.m. EDT
Hamilton, Bermuda-based XL Group plc. released its preliminary net loss estimates related to catastrophe loss events in the third quarter of 2011 saying losses could top $120 million.
The company's preliminary loss estimates, pretax and net of reinsurance and reinstatement premiums, range from approximately $90 million to $120 million. Approximately three quarters of these losses relate to the company's insurance segment.
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