Arch Capital

A charity and a hotel have filed two separate civil complaints against U. S. subsidiaries of Bermuda based Arch Capital Group Ltd. concerning Hurricane Katrina claims disputes.The first action was filed by Goodwill Industries of Southeastern Louisiana, Inc., a non

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”.

Arch Capital Group and AXIS Capital Holdings both reported in December that they had been issued with subpoenas as part of industry-wide investigations by various U. S. authorities.

Second Quarter (2004) Results Round-Up for Bermuda insurers