Transatlantic records third quarter loss - no sale news
Transatlantic Holdings has recorded a net loss for the third quarter of 2008 of $107.5m, compared to net income of $141.7m in the same quarter last year. Net income for the first nine months of 2008 totalled $97.9m compared to $374.6m in the first nine months of 2007. The company said there was no news yet with regard to its potential sale by parent AIG.
Robert Orlich, chairman, president and CEO said: "Results for the third quarter were impacted by tumultuous financial and credit markets and natural catastrophes. In particular, Hurricane Ike was a
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