White Mountains Re sends White Mountains in second quarter net loss
White Mountains Re, the reinsurance arm of US (re)insurance group White Mountains, helped to send its company to a loss of $9m in the second quarter – a $112m swing from the $103m of net income in recorded in the same period of 2007.
White Mountains Re reported unfavourable loss reserved development of $51m in the second three months of the year to end-June, and $84m in the first six months of the year. This compares to $18m and
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