XL takes $60m-$75m Kyrill hit

XL has released its loss forecast from European Windstorm Kyrill, put the figure at between $60m to $75m. The majority of the loss will come from its reinsurance segment.

The company added however there is still a wide range of industry loss estimates, and many clients are only in the early stages of their exposure evaluations, therefore the its preliminary loss estimate range could change.