2001
- Fourth quarter results announced yesterday
- 2001 worst year in industry history
- XL’s results negatively impacted by: September 11 ($750 million pre-tax)
- Adverse development of historic reserves ($180 million pre-tax)
- Large loss events in 4Q01, including Enron, AA Flight 587
- Results reflect inclusion of acquired Winterthur International
operations from July 1, 2001