XL Group Says Germany, France Hailstorms to Cost $60 Million

By Marci Jacobs | September 27, 2013

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.

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