XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, said July hailstorms in Germany and France cost the company about $60-million before tax.
Most of the losses were in the reinsurance segment, Dublin- based XL said today in a statement distributed by PR Newswire.
Copyright 2026 Bloomberg.
Was this article valuable?
Here are more articles you may enjoy.
Warren, Hawley Press Insurers Over Closed, Unpaid Claims 
Prime London Homes Are Increasingly on Frontlines of Extreme Weather 
Climate Science Under Political Attack Reaches US Supreme Court 
Recovery Starts Before the Loss: What Claims Professionals Know About Severe Weather Preparedness 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.