Thursday, September 13th, 2001 — Two more property-casualty insurers-- XL Capital Ltd. in Hamilton, Bermuda, and New York-based American International Group are estimating hundreds of millions of dollars in losses for their companies as a result of the World Trade Center tragedy and related events.
The larger of the two estimates, from XL Capital, put claims in the $600-$700 million range, net of reinsurance, based on initial loss reports and estimates.
Separately, AIG announced a preliminary net pretax loss estimate of roughly $500 million expected from Tuesday's terrorist attacks, based on information currently available.