DUBLIN (dpa-AFX) - XL Group plc (XL) announced preliminary net loss estimates related to the severe weather occurrences, including devastating tornado activity, which affected the Midwest and Southeast United States over the periods April 22 - 28 and May 20 - 23, 2011.
The company said that its preliminary loss estimates related to the Storms, pretax and net of reinsurance and reinstatement premiums, range from approximately $50 million to $75 million, with the majority attributable to XL's reinsurance segment.
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