XL will hit double-digit RoE target: McGavick

XL Group CEO Mike McGavick insisted the carrier can deliver a
double-digit return on equity (RoE) during a conference call
yesterday (27 April), as he came under fire from analysts over the
lack of clarity around merger synergies.The firm reported a 46 percent decline in operating profits to
$103.4mn for the first quarter. At $0.35 a share, operating
earnings were significantly below Wall Street analysts'
consensus forecasts of $0.50 a share.However, the prior-year numbers did not include the...