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.
Wildfires Destroy Hundreds of Structures in Washington State 
AI Skills More Valuable Than MBAs, 86% of Finance Executives Say 
Cost of a Data Breach Reaches Record $5 Million on Average 
Wildfires Fan Record Sales of Catastrophe Bonds to Backstop Risk 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.