XL underwriting returns to profit
XL's property and casualty business has reported a rise in gross written premium in the first six months of the year to $4.08bn compared with $3.86bn in the same period in 2011.
Following the heavy catastrophe activity of H1 2011, when the operation reported an underwriting loss of $261m, the result vastly improved in H1 2012 with an underwriting profit of $192.6m.
The
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