XL reveals $245mn Q4 cat loss

XL Group has warned investors to expect net catastrophe losses
of around $245mn when the (re)insurer publishes its results for the
fourth quarter.
Just over half of that loss will fall in the Bermuda-based
carrier's insurance segment with the remaining $120mn expected
to be paid by its reinsurance division.
The largest single event for XL Group was Hurricane Matthew,
which struck the Caribbean and skirted America's east coast at
the beginning of October.
The carrier said the storm would cost...