Investors dump carriers even after earnings beats

(Re)insurers led by XL Group took a beating in midday New York
trading today as investors punished the shares of those that both
exceeded and failed to meet second-quarter earnings expectations
this week.
XL shares opened the day lower and fell as much as 6.9 percent,
even though the Bermuda-based carrier easily beat Wall Street estimates with operating
income of $0.96 a share for the period that ended on 30 June.
Aspen's stock fell less, losing as much as 5.4...