Wednesday, May 9, 2007

Scottish Re posts 1st-qtr loss

(Reuters) - The latest loss was an improvement from the reinsurer's fourth quarter, when it reported a loss of $233.8 million as uncertainty about its future caused premiums to fall.

Scottish Re is now controlled by MassMutual Financial and Cerberus Partners following an equity investment made by the two firms in March.


Read more at Reuters.com Market News

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