Low cat losses sees XL record best COR in over 15 years
XL Group has chalked up its best property and casualty combined operating ratio in more than 15 years after benefiting from one of the lowest catastrophe years in recent times.
The insurer chalked up a COR of 88.2% for the year ended 31 December 2014 (FY 2013: 92.5%), following a significant year on year reduction in its fourth quarter COR to 84.5% (Q4 2013: 93.3%).
The
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