XL disclosure points to higher industry cat losses

Analysts warned of higher-than-expected catastrophe losses from
P&C (re)insurers in Q4, as XL Group disclosed its own $245mn
net cat loss for the period.
On Monday (9 January), XL said just over half of the loss would
fall in the Bermuda-based carrier's insurance segment, with the
remaining $120mn expected to be paid by its reinsurance
division.
Hurricane Matthew generated a net loss of $130mn for XL, while
earthquakes in New Zealand are expected to cost the carrier $75mn.
Three quarters...