XL Capital today reported net income for the quarter ended 31 March of $442.9m (£230.7m), 2%...

XL Capital today reported net income for the quarter ended 31 March of $442.9m (£230.7m), 2% less than $452.2m (£235.5m) in the first quarter last year.

Net premiums written from general operations increased by 2% to $2.8bn (£1.5bn), while the combined ratio from general operations was reported as 89.7%.

The company said losses from European storm Erwin totalled around $50m (£26m) after tax.

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