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I have submitted the change and await approval
PIC no longer exist that was the SPAC that merged with XL FLEET. Just change the heading to "XL Fleet" and of course, update the info box to reflect XL Feet...
Should we create another XL or try to fix this one to correctly show Pivotal Investment Corporation?
So we cannot exercise the warrants until 30 days, is that correct?
I have TS Ameritrade and mine shows it's finalized now
Someone got their wires crossed when the created this group. It's not XL and it's not Pivotal Investment Corporation
Mods is this "XL FLEET"? If so, could update the main title/subject line, etc to reflect as such...
I have Ameritrade too, maybe they are not done finalizing it. Mine shows around 19$ and bouncing around.
Cant even see XL on my ameritrade
Not sure the price is correct in my account. Did this price open in the $50s and drop to 18s? Little perplexed on the price right now?
~ Tuesday! $XL ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $XL ~ Earnings expected on Tuesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=XL&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=XL&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=XL
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=XL#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=XL+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=XL
Finviz: http://finviz.com/quote.ashx?t=XL
~ BusyStock: http://busystock.com/i.php?s=XL&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=XL >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Click here for $XL DD extras..
<<< $XL Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/XL
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/XL/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/XL/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/XL/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/XL/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/XL/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/XL/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/XL/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/XL/research
Google Finance Summary ~ http://www.google.com/finance?q=XL
Google Finance News ~ http://www.google.com/finance/company_news?q=XL
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=XL
Google Finance Financials ~ http://www.google.com/finance?q=XL&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=XL
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=XL&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=XL+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=XL+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=XL+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=XL
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=XL+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=XL+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/XL
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/XL
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=XL+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=XL+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=XL+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=XL+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=XL+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=XL+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=XL+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=XL+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=XL+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=XL+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=XL+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=XL&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=XL
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=XL
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=XL
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=XL
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=XL
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=XL&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=XL&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/XL?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/XL
Barchart Options Quotes ~ http://barchart.com/options/stocks/XL
Barchart Technical Chart ~ http://barchart.com/charts/stocks/XL&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/XL&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/XL
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=XL
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/XL
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/XL
Barchart News Headlines ~ http://barchart.com/news/stocks/XL
Barchart Profile ~ http://barchart.com/profile//XL
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=XL&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=XL&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=XL&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=XL&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/XL/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/XL/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/XL/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/XL/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/XL
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/XL/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/XL/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/XL/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/XL/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/XL/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/XL/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=XL&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=XL
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=XL
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=XL&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=XL
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=XL
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=XL&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=XL.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=XL®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/XL
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/XL/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/XL/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/XL/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=XL&selected=XL
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=XL&selected=XL
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/XL/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/XL/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/XL/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/XL/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/XL/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/XL/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/XL/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/XL/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/XL/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/XL/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/XL/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/XL/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/XL/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/XL/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=XL&selected=XL
NASDAQ Financials ~ http://www.nasdaq.com/symbol/XL/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/XL/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/XL/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/XL/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/XL/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/XL/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/XL/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/XL/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/XL.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/XL/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/XL/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/XL/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/XL/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/XL/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/XL/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=XL
YCharts ~ http://ycharts.com/companies/XL
YCharts Performance ~ http://ycharts.com/companies/XL/performance
YCharts Dashboard ~ http://ycharts.com/companies/XL/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=XL&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=XL&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=XL&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=XL
Zacks Quote ~ http://www.zacks.com/stock/quote/XL
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=XL
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=XL
Knobias ~ http://knobias.10kwizard.com/files.php?sym=XL
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=XL
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/XL/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=XL&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=XL®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=XL®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=XL®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=XL®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=XL®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=XL
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=XL
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=XL&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=XL&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=XL
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=XL&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=XL
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=XL
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=XL
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=XL
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=XL
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=XL
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=XL
Investorpoint ~ http://www.investorpoint.com/ enter "XL" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "XL" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=XL
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=XL
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=XL
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=XL
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=XL
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "XL" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=XL&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=XL
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=XL
Check those searches for recent XL mentions. If XL is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
~ Thurs-Fri $XL ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $XL ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=XL&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=XL&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=XL
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=XL#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=XL+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=XL
Finviz: http://finviz.com/quote.ashx?t=XL
~ BusyStock: http://busystock.com/i.php?s=XL&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=XL >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
21.43 doing well imo
10-Feb-10 Reiterated Credit Suisse Outperform $20 -- $21
http://www.finviz.com/quote.ashx?t=xl&ty=c&ta=0&p=d
XL Capital, Ltd. Q4 2009 Earnings Call Transcript
February 10, 2010
http://seekingalpha.com/article/187679-xl-capital-ltd-q4-2009-earnings-call-transcript?source=yahoo
Book value per ordinary share was $24.60 at December 31, 2009 as compared to $15.46 at December 31, 2008.
http://ih.advfn.com/p.php?pid=nmona&cb=1266249810&article=41463862&symbol=NY^XL
XL Capital Ltd Announces Fourth Quarter and Full Year 2009 Results
Date : 02/09/2010 @ 4:05PM
Source : PR Newswire
Stock : XL Capital Ltd. (XL)
http://ih.advfn.com/p.php?pid=nmona&cb=1266249810&article=41463862&symbol=NY^XL
HAMILTON, Bermuda, Feb. 9 /PRNewswire-FirstCall/ --
-- P&C operations combined ratio of 96.4% for the quarter and 93.6% for the year -- Book value per ordinary share of $24.60 at December 31, 2009, an increase of 3% in the quarter and 59% for the full year -- Operating income(1) of $235.8 million, or $0.69 per ordinary share, for the quarter and $917.3 million, or $2.69 per ordinary share, for the full year -- Net loss of $40.3 million, or $0.12 per ordinary share, for the quarter, primarily due to $254.8 million of after-tax net realized losses on investments -- Net income of $206.6 million, or $0.61 per ordinary share, for the full year -- Full year return on equity based on operating income(1) of 13.5%
XL Capital Ltd ("XL" or the "Company") (NYSE:XL) today reported its fourth quarter and full year 2009 results.
Commenting on the Company's performance, Chief Executive Officer Mike McGavick said: "Our results for the quarter and the full year clearly illustrate XL's re-emergence as a leading P&C company. Our top line in the fourth quarter of 2009 was within 3 points of the same quarter a year ago. Our P&C combined ratio was a healthy 96.4% for the quarter and 93.6% for the full year. Taken together, these metrics demonstrate that we were able to achieve a turnaround while maintaining our underwriting discipline and historically prudent reserving standards. And we did so even in the continued soft market.
"Successfully meeting the challenge to reduce expenses was one of the primary reasons we were able to achieve these strong results. Our cost-saving initiatives have allowed us to stem the tide of the difficult financial times and are intended to put XL in a competitively advantageous position.
"One of our key initiatives throughout the year has been to reposition the investment portfolio to one more typical of a P&C company, and to reduce its inherent volatility.
"During the quarter, we saw market prices approach intrinsic values for certain asset classes as a result of a technical driven spread rally but where the holdings were still exposed to weak fundamentals. We seized this opportunity to further de-risk our investment portfolio by selling $1.2 billion of such assets. The repositioning of our P&C portfolio is now 80% complete, and further reductions in legacy positions are more likely to occur over time from natural cash flows. Our attention has now turned to the optimal realignment of the portfolio rather than pure de-risking actions.
"Our strong operating income for the quarter of $235.8 million, or $0.69 per ordinary share, was offset by total after-tax net realized losses on investments in the fourth quarter of $254.8 million, which was the principal driver of the net loss attributable to ordinary shareholders of $40.3 million or $0.12 per ordinary share.
"Book value grew for the third straight quarter, as we recorded a 3% increase in book value per ordinary share to $24.60 and a 4% increase in tangible book value per ordinary share to $22.13 in the fourth quarter. Total shareholders' equity increased from $9.2 billion to $9.4 billion in the quarter.
"We are tremendously proud of the turnaround XL made in 2009. Our full year net income attributable to ordinary shareholders was $206.6 million compared to a loss of $2.6 billion in 2008. We generated an operating return on equity for the year of 13.5%. Our tangible book value per ordinary share grew by 72% in 2009. All of this was achieved in the depths of a soft market."
Mr. McGavick concluded: "No one can state with certainty when or how the underwriting cycle will turn, but we believe we have taken the steps necessary to position XL well, both in the face of current challenges and for when market conditions improve."
Three and twelve months ended December 31 (US dollars in thousands except per share amounts)
Three months ended Twelve months ended December 31 December 31 2009 2008 2009 2008
Net (loss) income attributable to ordinary shareholders ($40,319) ($1,433,158) $206,607 ($2,632,458) Per ordinary share (diluted) ($0.12) ($4.33) $0.61 ($10.94)
Operating income(1) $235,756 $189,510 $917,255 $840,347 Per ordinary share (diluted) $0.69 $0.57 $2.69 $3.49
The Company incurred a net loss attributable to ordinary shareholders for the fourth quarter of $40.3 million, or $0.12 per ordinary share, compared to a net loss attributable to ordinary shareholders of $1,433.2 million, or $4.33 loss per ordinary share for the fourth quarter of 2008. Operating income was $235.8 million, or $0.69 per ordinary share, compared to $189.5 million, or $0.57 per ordinary share in the fourth quarter of 2008.
The significant improvement in the net loss attributable to ordinary shareholders from the prior year quarter was primarily due to a $990.0 million non-cash charge for the partial impairment of goodwill taken in the fourth quarter of 2008. Also contributing to the improvement was an increase in operating income of $46.2 million primarily due to an increase of $240.6 million in the net income from investment affiliates, partially offset by a decrease in the underwriting contribution of XL's P&C operations of $116.5 million and a decrease in investment income of $76.8 million compared to the fourth quarter of 2008.
Net investment income for the quarter was $316.4 million compared to $393.1 million in the prior year quarter. Net investment income on the P&C and Corporate portfolio decreased 24% from the prior year quarter to $233.1 million. This decrease was primarily due to lower investment yields, driven by both the impact of lower US LIBOR rates on floating rate structured credit assets, and higher allocations to lower yielding US Treasuries, agencies and cash as a result of continued de-risking activities.
Pre-tax net realized investment losses for the quarter were $263.6 million compared to a loss of $568.9 million in the fourth quarter of 2008. The loss for the fourth quarter of 2009 comprises other-than-temporary impairments, net of non-credit impairments, totaling $120.8 million, and realized losses on securities sold of $142.8 million. The other-than-temporary impairments in the quarter arose primarily on below investment grade structured securities. Realized losses on securities sold resulted from sales of $1.2 billion of securities, including CMBS, prime RMBS, corporate and hybrid securities, partially offset by gains from sale of $2.2 billion of lower yielding government and corporate holdings.
The operating expenses for the quarter included charges of approximately $21.8 million related to the Company's previously announced cost reduction efforts, compared to $8.7 million for the same period in 2008. These restructuring charges totaled $81.5 million for the full year 2009, compared to $50.8 million for the full year 2008.
The annualized return on ordinary shareholders' equity, based on operating income, was 11.4% for the quarter as compared to 12.4% in the prior year quarter.
For the year, the Company produced net income of $206.6 million, or $0.61 per ordinary share, compared to a net loss of $2.6 billion, or $10.94 per ordinary share, for the prior year period. Included in the prior year was a loss of $1.4 billion related to the transaction closed on August 5, 2008 with Syncora and certain of its subsidiaries. Our underlying effective tax rate for the year was 14.5% compared to a third quarter estimate of 12%. This primarily resulted from changes in the proportion of profits generated in some of the jurisdictions in which the Company conducts business.
Operating income was $917.3 million or $2.69 per ordinary share, compared to $840.3 million or $3.49 per ordinary share in the prior year period. The full year return on ordinary shareholders' equity, based on operating income, was 13.5% compared to 12.0% in 2008.
P&C operations Three and twelve months ended December 31 (US dollars in thousands)
Three months ended Twelve months ended December 31 December 31 2009 2008 2009 2008
Gross premiums written $1,147,684 $1,182,291 $6,111,311 $7,569,391 Net premiums written 965,004 984,359 4,743,712 5,738,293 Net premiums earned 1,254,424 1,403,661 5,151,739 5,990,251
Underwriting income 45,736 162,197 327,306 303,017
Loss ratio 62.2% 58.0% 61.5% 66.2% Expense ratio 34.2% 30.4% 32.1% 28.7% Combined ratio 96.4% 88.4% 93.6% 94.9%
-- P&C gross and net premiums written for both the three months and twelve months ended December 31, 2009 declined from the prior year primarily due to planned reductions in several targeted areas, termination of certain programs and general macroeconomic conditions impacting insured values and retention. Also impacting the decline was the Company's focus on rate discipline in a competitive environment.
-- P&C net premiums earned included $862.8 million from the Insurance segment and $391.6 million from the Reinsurance segment for the fourth quarter 2009, and $3.6 billion and $1.6 billion for the full year, respectively.
-- The loss ratio for the quarter was 62.2% compared to 58.0% for the fourth quarter of 2008, with full year loss ratios of 61.5% and 66.2%, respectively. Included in the current quarter loss ratio was prior year favorable development of $30.8 million compared to $268.3 million in the fourth quarter of 2008. Included in the full year loss ratio was prior year favorable development of $284.7 million compared to $610.7 million for the full year 2008. The effect of this reduction in favorable prior year development was offset by significantly lower current year loss experience in 2009 compared to the fourth quarter and full year of 2008, particularly in the property line of business.
-- The fourth quarter 2009 loss ratio included favorable development related to current year catastrophes (net of reinsurance recoveries and reinstatement premiums) of $5.5 million compared to the $7.8 million unfavorable development in the fourth quarter of 2008, which included development on Hurricanes Gustav and Ike. Full year net losses due to catastrophes (net of reinsurance recoveries and reinstatement premiums) were $52.3 million and $376.0 million for 2009 and 2008, respectively.
-- The expense ratio for the quarter included charges of approximately $16.8 million related to the Company's previously announced cost reduction efforts, of which $15.2 million and $1.6 million related to the Insurance and Reinsurance segments, respectively. These restructuring charges totaled $67.5 million for the full year 2009, of which $57.0 million and $10.5 million related to the Insurance and Reinsurance segments, respectively. There were restructuring charges of $4.0 million in the prior year quarter and $31.2 million in the full year 2008 impacting the expense ratio.
-- Both the fourth quarter and full year 2009 expense ratios also included increased acquisition costs primarily as a result of higher profit-related commissions.
-- The P&C combined ratio for the quarter was 96.4% compared to 88.4% for the fourth quarter of 2008. The full year combined ratio was 93.6% and 94.9% for 2009 and 2008, respectively. Excluding the charges for the cost reduction initiatives, the P&C combined ratios would have been 95.1% and 92.3% for the current quarter and full year, respectively, compared to 88.1% and 94.4% for the same periods in 2008, respectively.
Capital Position
Book value per ordinary share was $24.60 at December 31, 2009 as compared to $15.46 at December 31, 2008.
Net unrealized losses on investments, net of tax, were $1.2 billion at December 31, 2009 compared with net unrealized losses, net of tax, of $1.5 billion at September 30, 2009. The decrease in net unrealized losses for the quarter in the Company's P&C operations was substantially due to realized losses during the quarter, combined with favorable mark-to-market movements arising from tightening spreads, offset by rising interest rates. The decrease in net unrealized losses in the Company's Life operations was a result of realized losses during the quarter, offset by negative mark-to-market as a result of rising U.K. interest rates partially offset by tightening spreads. In addition, as a means of reducing U.S. GAAP book value volatility arising from the Company's run-off Life operations, the Company designated $546.1 million of Euro-denominated long-duration government securities as held-to-maturity during the quarter, which results in these securities being carried at amortized cost.
At the end of the year, 56% of our $33.9 billion fixed income portfolio remained in cash, government, government-related or government-supported securities.
Further details of the results for the quarter and of the Company's fixed income investment portfolio may be found in the Company's Financial Supplement and Fixed Income Portfolio Data Supplement, respectively. These documents are both dated February 9, 2010 and are available from the Investor Relations section of the XL Capital website.
The Company will host a conference call to discuss its fourth quarter and full year 2009 results on Tuesday, February 9, 2010 at 5:00 p.m. Eastern Time. The conference call can be accessed through a listen-only dial-in number or through a live webcast. To listen to the conference call, please dial (866) 617-1526 or (210) 795-0624, passcode: 'xl global'. The webcast will be available at http://www.xlcapital.com/ and will be archived on XL's website from approximately 8:00 p.m. Eastern Time on February 9, 2010, through midnight Eastern Time on March 9, 2010. A telephone replay of the conference call will also be available beginning at 8:00 p.m. Eastern Time on February 9, 2010, until midnight Eastern Time on March 9, 2010, by dialing (866) 426-1596 or (203) 369-0883.
This press release contains forward-looking statements. Statements that are not historical facts, including statements about XL's beliefs, plans or expectations, are forward-looking statements. These statements are based on current plans, estimates, and expectations, all of which involve risk and uncertainty. Actual results may differ materially from those included in such forward-looking statements and therefore you should not place undue reliance on them. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes (a) changes in ratings, rating agency policies or practices; (b) greater frequency or severity of claims and loss activity than XL's underwriting, reserving or investment practices anticipate based on historical experience or industry data; (c) trends in rates for property and casualty insurance and reinsurance; (d) other changes in general economic conditions, including the effects of inflation and changes in interest rates, credit spreads, foreign currency exchange rates and other factors; (e) developments, including uncertainties related to the depth and duration of the current recession, and future volatility in the world's credit, financial and capital markets that adversely affect the performance and valuation of XL's investments or access to such markets; (f) the potential for changes to methodologies, estimations and assumptions that underlie the valuation of the Company's financial instruments that could result in changes to investment valuations; (g) changes to the Company's assessment as to whether it is more likely than not that the Company will be required to sell, or has the intent to sell, available-for-sale debt securities before their anticipated recovery; (h) the potential effects of domestic and foreign regulatory developments, including those which could impact the financial markets or increase XL's business costs and required capital levels; (i) the ability of XL's subsidiaries to pay dividends to the Company; (j) changes in the size of XL's claims relating to natural catastrophe losses due to the preliminary nature of some reports and estimates of loss and damage to date; (k) changes in applicable tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof; (l) XL's ability to obtain approval of the Company's ordinary shareholders and the Grand Court of the Cayman Islands for, and to satisfy the other conditions to, XL's previously announced proposed redomestication to Ireland from the Cayman Islands within the expected time frame or at all; (m) XL's ability to realize the expected benefits from the redomestication; (n) the occurrence of difficulties in connection with the redomestication; (o) any unanticipated costs in connection with the redomestication; and (p) the other factors set forth in XL's reports on Form 10-K, Form 10-Q, and other documents on file with the Securities and Exchange Commission. XL undertakes no obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future developments or otherwise.
(1) Defined as net income (loss) attributable to ordinary shareholders excluding net realized gains and losses on investments, goodwill impairment charges, net realized and unrealized gains and losses on credit, structured financial and investment derivatives, net of tax, for the Company and its share of these items for the Company's insurance company affiliates for the periods presented and charges in respect of guarantees relating to subsidiaries of Syncora Holdings Ltd. (formerly Security Capital Assurance Ltd., "Syncora"), as well as the gain recognized on the repurchase of the Company's Series C preference ordinary shares. "Operating income" and "annualized return on ordinary shareholders' equity based on operating income" are non-GAAP measures. See the schedule entitled "Reconciliation" at the end of this release for a reconciliation of "operating income" to net income (loss) attributable to ordinary shareholders.
XL Capital Ltd to Present at Credit Suisse Financial Services Forum on February 11, 2010
04.02.2010 18:14
http://www.finanznachrichten.de/nachrichten-2010-02/16067582-xl-capital-ltd-to-present-at-credit-suisse-financial-services-forum-on-february-11-2010-008.htm
HAMILTON, Bermuda, Feb. 4 /PRNewswire-FirstCall/ -- XL Capital Ltd ("XL" or the "Company") today announced that Chief Executive Officer Michael S. McGavick is scheduled to present at the Credit Suisse Financial Services Forum 2010 at the Mandarin Oriental Hotel in Miami, Florida on Thursday, February 11, 2010 at 3:30 p.m. EST.
A live webcast of Mr. McGavick's presentation will be available via http://www.xlcapital.com/. A replay of the presentation will be available via http://www.xlcapital.com/ following the live webcast and will be archived there for approximately 30 days following the presentation date.
XL Capital Ltd, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at http://www.xlcapital.com/.
XL Capital Ltd
CONTACT: David Radulski, Investor Relations, +1-441-294-7460, or Carol
Parker Trott, Media Relations, +1-441-294-7290, both of XL Capital Ltd
Web site: http://www.xlcapital.com/
© 2010 PR Newswire
Rating Action on XL Capital
By: Zacks Equity Research
January 19, 2010
http://www.zacks.com/stock/news/29489/Rating+Action+on+XL+Capital
Rating agency A.M. Best affirmed the rating of XL Capital’s (XL - Analyst Report) subsidiaries with a stable outlook. It includes the affirmation of a financial strength rating (FSR) of “A-“ and an issuer credit rating (ICR) of “a-” for XL Life Ltd., FSR of “A-“ and ICR of “a-” of XL Life Insurance and Annuity Company as well as the ICR of “a-” and the debt ratings for XLLIAC Global Funding.
The rating agency acknowledges XL Life’s adequate capitalization and strong support of the parent. It accounts for life insurance and reinsurance operations of the group.
However, negatives to the ratings include XL Life’s thinning business profile within the group, declining premiums and unfavorable operating results. Moreover, uncertainty and volatility in the markets have led to mark-to-market adjustments and realized losses recently.
XL Capital’s performance has deteriorated in the recent years due to softer policy sales coupled with investment losses. Thus, the company is focusing on those lines of business within its insurance and reinsurance operations that provide the best return on capital over the pricing cycle. The company will be highly selective about new business, emphasizing short-tail lines where applicable in its reinsurance operations, exiting other businesses (e.g., casualty facultative business), not renewing certain insurance programs as well as continuing to reduce long-term agreements (within the insurance operations) in order to reap the benefit of improving pricing. We expect that this selective exposure will result in a reduction in both gross and net premiums written in 2009, and hence further restrict its top-line growth.
Last week, XL Capital announced its intention of shifting its place of incorporation to Ireland from the Cayman Islands.
XL Capital is expected to release fourth quarter 2009 results on Feb. 9, 2010. The Zacks Consensus Estimate for the quarter is a gain of 69 cents per share.
XL Capital Ltd Announces Proposed Redomestication to Ireland From the Cayman Islands
Date : 01/12/2010 @ 6:26AM
Source : PR Newswire
Stock : (XL)
http://ih.advfn.com/p.php?pid=nmona&cb=1263310817&article=41065985&symbol=NY^XL
HAMILTON, Bermuda, Jan. 12 /PRNewswire-FirstCall/ --
XL Capital Ltd ("XL" or "the Company") (NYSE:XL) announced today that it proposes to change the parent holding company's place of incorporation to Ireland from the Cayman Islands, with the parent holding company to be renamed "XL Group plc"
XL's Chief Executive Officer, Michael S. McGavick, said: "We believe that changing XL's place of incorporation from the Caymans to Ireland is in the best interests of XL and our shareholders. Among other benefits, we believe the proposed move will reduce certain risks that may impact us and offer us the opportunity to reinforce our reputation, which is one of our key assets, and to better support our global business platforms. The new "XL Group" name is desirable to reflect our exclusive focus on providing property, casualty and specialty insurance and reinsurance products for our customers' complex risks."
To effect the redomestication, a new Irish public limited company, XL Group plc, would replace XL Capital Ltd as the ultimate holding company of the XL group of companies, and the Company's ordinary shareholders would receive one ordinary share of the new Irish company in lieu of each ordinary share of the Company held by them. XL expects to submit the proposal for redomestication, along with related proposals, to its shareholders in the next several months and complete the transaction on July 1, 2010. The proposed redomestication will be subject to approval by the Company's ordinary shareholders and the Grand Court of the Cayman Islands, as well as satisfaction of other conditions
XL has operated in Ireland for most of its corporate history and is very familiar with its regulatory and legal environment. Ireland has strong international relationships as a member of the Organisation for Economic Co-Operation and Development (OECD) and the European Union, a long history of international investment, and long-established commercial relationships, trade agreements and tax treaties with the other European Union member states, the United States and other countries around the world. As a result, XL believes Ireland offers a stable long-term legal and regulatory environment with the financial sophistication to meet the needs of XL's global business
XL does not expect the redomestication will have any material impact on its financial results. XL will continue to be registered with the U.S. Securities and Exchange Commission ("SEC") and be subject to SEC reporting requirements. Further, the Company will continue to be subject to the mandates of the Sarbanes-Oxley Act of 2002 and the applicable corporate governance rules of the New York Stock Exchange ("NYSE"), and will continue to report its financial results in U.S. dollars and under U.S. generally accepted accounting principles, in addition to any reporting requirements under Irish law. The Company's shares will continue to trade on the NYSE under the ticker symbol "XL"
This communication is being made in respect of the proposed redomestication. In connection with the proposed redomestication, XL has today filed a proxy statement in preliminary form with the SEC, and XL will mail the definitive proxy statement to its shareholders when available. Security holders are urged to read the definitive proxy statement regarding the proposed redomestication when it becomes available because it will contain important information. You may obtain a free copy of the definitive proxy statement (when available) and other related documents filed by XL with the SEC at the SEC's website at http://www.sec.gov/. The definitive proxy statement (when it is available) and the other documents may also be obtained for free by accessing XL's website at http://www.xlcapital.com/ by clicking on the link for "Investor Relations" and then clicking on the link for "SEC Filings"
XL and its directors, executive officers and certain other members of management and employees may be soliciting proxies from shareholders in favor of the redomestication. You can obtain information about XL's executive officers and directors in XL's proxy statement for the 2009 annual general meeting filed with the SEC on March 9, 2009. You can obtain free copies of this document from XL using the contact information in this press release
This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Statements that are not historical facts, including statements about XL's beliefs, plans or expectations, are forward-looking statements. Such statements include forward-looking statements both with respect to us in general, and to the insurance and reinsurance sectors (both as to underwriting and investment matters). These statements are based on current plans, estimates and expectations, all of which involve risk and uncertainty. Actual results may differ materially from those included in such forward-looking statements and therefore you should not place undue reliance on them. The factors that could cause actual results to differ materially from current expectations include, but are not limited to, our ability to obtain approval of XL's ordinary shareholders and the Grand Court of the Cayman Islands for, and to satisfy the other conditions to, the redomestication within the expected time frame or at all, our ability to realize the expected benefits from the redomestication, the occurrence of difficulties in connection with the redomestication, any unanticipated costs in connection with the redomestication and changes in tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof by the tax authorities in Ireland, the United States and other jurisdictions following the redomestication. The foregoing factors are in addition to those factors included in the "Risk Factors" section and elsewhere in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents on file with the SEC (including the proxy statement filed with the SEC in connection with the redomestication). There may be other risks and uncertainties that we are unable to predict at this time. XL expressly disclaims any obligation to update or revise these forward-looking statements, whether as a result of new information, future developments or otherwise
Contact: David R. Radulski Investor Relations (441) 294 7460
Carol Parker-Trott Media Relations (441) 294 7290
DATASOURCE: XL Capital Ltd
CONTACT: Investor Relations, David Radulski, +1-441-294-7460, or Media
Relations, Carol Parker-Trott, +1-441-294-7290, both of XL Capital
Web site: http://www.xlcapital.com/
XL Insurance and American Wholesalers Underwriting Announce New Underwriting Agreement to Service Wholesale Distribution Industr
Date : 01/11/2010 @ 12:00PM
Source : PR Newswire
Stock : XL Capital Ltd. (XL)
http://ih.advfn.com/p.php?pid=nmona&cb=1263231707&article=41055576&symbol=NY^XL
XTON, Pa. and STAMFORD, Conn., Jan. 11 /PRNewswire-FirstCall/ --
XL Insurance, the global underwriting operations of XL Capital Ltd (NYSE:XL), and American Wholesalers Underwriting, Ltd., a specialized program administrator, today announced a new joint underwriting agreement to provide the Wholesalers' Insurance Program(R) the WIP(R), a comprehensive insurance program for the durable and non-durable goods wholesale distribution industry
John Hartman, XL Insurance's Chief Underwriting Officer of Programs, said: "XL Insurance values industry expertise. In this new underwriting agreement, that is exactly what American Wholesalers Underwriting brings to the table. With their experienced staff and thorough industry knowledge, they have carved out a 'best in class' approach to service the wholesale distributors' insurance needs. We are looking forward to a long-term relationship that will yield strong results for us as well as the customers we'll serve together."
"We are very excited to be working with XL Insurance," said American Wholesalers Underwriting President Ken Lewis. "We both value technical underwriting expertise and loss prevention that can help our clients manage their risk exposures effectively."
"WIP is a recognized program in this industry. Over the years, we have tailored and streamlined the underwriting, policy servicing, accounting and claims processing to specifically address issues that are unique to wholesalers," explained Mr. Lewis
"Technology is the cornerstone of our underwriting operation. AWUL's advanced automated management system allows us to efficiently and consistently process our policies while providing our clients with quick and efficient quotes and policy turnaround," said John Shea, AWUL's Chief Operating Officer,
WIP is a national insurance program designed to meet the needs of the durable, non - durable, and food distribution industries. These industries encompass a broad scope of Standard Industrial Classifications ranging from 5000-5199. (visit http://www.awul.com/) including motor vehicle supplies, industrial supplies and equipment, material handling equipment, metal services, electrical and plumbing, hardware, and food and beverage distributors
The program provides property, inland marine, auto, general liability, workers comp and umbrella coverage with numerous industry specific extensions. Available in all 50 states, coverages and limits are tailored to meet individual distributor's specific risk management needs. The program will be provided by XL's Greenwich Insurance Company and its affiliates, licensed to write property and casualty insurance throughout the United States
American Wholesalers Underwriting, Ltd. is a nationally recognized program administrator, underwriter and wholesaler serving retail insurance agencies. More information about American Wholesalers Underwriting is available at http://www.awul.com/
"XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE:XL) group of companies. More information about XL Insurance is available at http://www.xlinsurance.com/. Through its operating subsidiaries, XL Capital Ltd is a leading provider of global insurance and reinsurance coverage and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at http://www.xlcapital.com/.
DATASOURCE: XL Insurance
CONTACT: Christine M. Weirsky, XL Insurance Media Relations, +1-610-968-
9395
Web site: http://www.xlcapital.com/
XL Re Announces Changes in Management and Underwriting Structure of Latin America Operations
Date : 12/21/2009 @ 4:40PM
Source : PR Newswire
Stock : (XL)
http://ih.advfn.com/p.php?pid=nmona&cb=1261465498&article=40851784&symbol=NY^XL
HAMILTON, Bermuda, Dec. 21 /PRNewswire-FirstCall/ -- XL Re, the global reinsurance operations of XL Capital Ltd (NYSE:XL), today announced changes in the management and underwriting structure of its Latin America operations. The changes are effective immediately
The operations continue to be led by Stephen Outerbridge, Chief Underwriting Officer and Chief Operating Officer of XL Re Latin America Ltd ("XLRLA"). Mr. Outerbridge is also COO of Brazil and interim President
Meanwhile, Hernan Moreno has been appointed Regional Chief Underwriting Officer. Mr. Moreno, who is currently based in Sao Paulo, Brazil, will relocate to Bogota, Colombia next year where he will also take up the position of Country Manager. In his new position as Regional CUO, Mr. Moreno will closely be involved with XLRLA's Brazilian operation. Also in Brazil, XLRLA Technical Commercial Director Edson Wiggers has been promoted to Vice President in charge of business development and underwriting operations, reporting directly to Mr. Outerbridge and Mr. Moreno
In Argentina, Leandro Di Bello remains as Country Manager and head of XLRLA's facultative underwriting team covering Brazil. He has taken on additional duties as Chief Client Officer, coordinating marketing efforts in the Latin America region with a special focus on Brazil
James H. Veghte, Chief Executive of XL's Reinsurance Operations, said: "This new management and underwriting structure will ensure that XL Re continues to provide clients in Latin America with the high level of service that they have come to expect from us. It is a testimony to the depth of talent and experience within the organization."
Mr. Outerbridge added: "We have a very strong team dedicated to the Latin America market and we look forward to building on the relationships that we have developed over the years in this region."
About XL Re
XL Re is the global brand used by XL Capital Ltd's reinsurance operations. The XL Re companies have more than 350 employees in 11 countries. More information about XL Re companies is available at http://www.xlre.com/. Through its operating subsidiaries, XL Capital is a leading provider of global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at http://www.xlcapital.com/
Contact:
David Radulski Investor Relations (441)294 7460
Carol Parker-Trott Media Relations (441)294 7290
DATASOURCE: XL Re Latin America Ltd
CONTACT: Investors, David Radulski, +1-441-294-7460; or Media, Carol
Parker-Trott, +1-441-294-7290, both for XL Re Latin America
Web site: http://www.xlre.com/
http://www.xlcapital.com/
WOW, this has taken off like no other!! GREAT time to be in pretty much any stock
Thx. That was strictly luck.....never looked at that one OR heard of it before Wednesday. I've been bottom feeding off of the upcoming earnings list. (todays play FTK and SINA - earnings premarket on Monday) XL close was stellar today!
Looks like LMIA paid off BIG TIME for you bro, good job!!!
I think today will be another up day. XL is topping out, so I'll wait for the next market tank to pick some more up. Taking a gamble on LMIA.....financials out after market close.
I hate to say it, but I hope not. It's been so easy buying on the crash and flipping. I do have a feeling things are going to change though. With the SEC enforcing their rules on short selling in about a month it is going to force a lot of covering.
Wow excellent buy, I was a bagholder temporarly with a financial stock, but was able to get out today with a profit so now I sit on the side lines like you, I think tomorrow will really tell if this is a rally or not
Yep, bought at 2.83 on Friday and sold yesterday at 3.39. Waiting for the next big hit til I get back in. Tried to buy another symbol yesterday, but low-balled a little too much and missed it. Today I sit doing nothing.
Did you jump in on that dip to $2.80's?
Sure enough in the time it took to type that last message it dipped.......I think I'm in again.
317,000 shares in AH for 3.12. Big Money
Resis at 3.33 I hope we can climb above that.... Here we go 3.35 now. Next stop 3.42?? This is my first time in this one since it was trading above 7.00
Looks like this has found a new bottom trading range $3.05-$3.20, might be a good time to buy again if it takes another dip to $3.05
HUGE afterhours volume. One trade alone nearly 3.4 million shares. Hmmmmmmm
I'm all in on another stock or I would pick some up today. I think you were right to step away until next week.
Ticking closer and closer to $3, unfortunately buy when there's blood in the streets.
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