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In 2Q16, $XL's P&C gross premiums written increased 17.6% compared to 2Q15 due to the combination with Catlin. The Insurance segment GPW rose 13.2% primarily due to the combination with Catlin. The Reinsurance segment GPW grew by 30.2%, on combination with Catlin and significant new business. P&C net premiums earned were $2.5Bil.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.