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.
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’ 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio 
