• Home
    • Articles
    • Scottish Re is lone Q2 loss-maker of 14 reporting Bermuda insurers

    Scottish Re is lone Q2 loss-maker of 14 reporting Bermuda insurers

    Of the 14 publicly-listed, Bermuda-based insurers and reinsurers who recently filed their second quarter earnings with the SEC, only Scottish Re reported a loss.Commenting on a loss of $2.43 per share, or $121 million, Scottish Re’s Interim CEO, Paul Goldean, said: “The results for the quarter are a sharp departure from our original projections and estimates provided to our stakeholders”.