
XL swaps loss for profit

The improvement came despite the fact that profit for the second quarter of the year of $221.2m was below the $225.7m achieved in the comparable three months of 2011.
XL's combined operating ratio improved significantly to 90.8% for the quarter and 93% for the half year, from 94.9% and 110.1% in 2011 respectively.
The provider's gross written premiums for the quarter were broadly flat at $1.763bn (Q2 2011: $1.762bn) but up for the half year at $4.08bn (H1 2011: $3.86bn).
The insurer highlighted
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- GRP snaps up Ipswich-based broker
- Ex-Aviva boss Mark Wilson to lead insurtech venture after merger with Complete Cover Group
- RSA UK COR deteriorates to 101.8%
- FCA finalises guidance on vulnerable customers
- Aston Lark buys Kent-based Sennocke
- Jensten moves in for second deal this month
- Axa UK & Ireland P&C COR improves to 96.2%