XL sees double-digit rate increases

XL Group is already seeing double-digit rate rises for short-tail
lines, with loss-affected accounts showing higher increases,
according to Greg Hendrick, president of property and casualty
insurance and reinsurance.
Speaking as part of an analyst conference call in the wake of
XL's third quarter results, Hendrick suggested that rate
increases would not be limited to particular lines.
"[Given] the reality of a challenging rate environment for
a prolonged period, with increasing return expectatio