Outlook improves now XL works on cored P&C business
Moody's has raised its ratings outlook on XL Capital to stable from negative due to improved capitalisation and financial flexibility, as well as the stabilisation of the insurer's business franchise, Dow Jones reports.
It cited lower losses on investments and good underwriting profitability in its core operations. It was reducing risk exposures related to non-core businesses, Moody’s said.
