Bermuda-based Max Re Capital Ltd. has posted a bulletin, indicating that “third quarter 2006 earnings are expected to be impacted by an estimated US$35 million reduction in net gains stemming from trading losses in certain hedge fund investments.”
It gave no further details.
Was this article valuable?
Here are more articles you may enjoy.
Stomach Bugs, Not Hantavirus, Are the Bigger Threat on Cruises 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens 
