Wednesday, 09 May 2007

UPDATE 1-Scottish Re posts 1st-qtr loss, misses estimates

(Reuters) - Scottish Re said its loss was $35.5 million, or 55 cents a share, compared with a profit of $11.6 million, or 20 cents a share, in the year-earlier quarter.

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.


Read more at Reuters.com Market News

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