UPDATE - XL Capital sees qtrly loss; chairman gets margin call (at Reuters)

NEW YORK, Oct 14 (Reuters) - XL Capital Ltd (XL.N: ), a large Bermuda-based insurer, estimated on Tuesday a quarterly net loss of $1.65 billion to $1.67 billion, and said its chairman involuntarily sold about 80 percent of his common shares last week to meet a margin loan call. However, the company's estimate of profit excluding one-time items was above analysts' forecast, sending shares up more than 43 percent to $10.65 in morning trading. "I had pledged those shares as collateral to secure a personal loan used to fund purchases of XL shares in... [read full story]                    

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