Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Debt-laden Kingsway takes $19mn Q2 loss

16 August 2010

Troubled Canadian insurer Kingsway Financial Services (KFS) has posted a second quarter net loss of $19mn, compared to a $38mn deficit in the same period last year, amid underwriting and disposal losses.

KFS also took a Q2 underwriting loss of $20mn in its US segment. This was offset partly by income of $4.5mn in the corporate segment and a 6.4 percent year-on-year increase in investment income to $12mn.

In 2009 KFS sold its Canadian insurance operations and early this year...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue August 2010/3

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π