Capital Re reports 4th-quarter loss after creating reserve

Heaton, Kenneth
February 1999
Bond Buyer;02/25/99, Vol. 327 Issue 30586, p36
Trade Publication
Focuses on losses posted by Capital Re Corp. for the fourth quarter of 1998 following a scandal involving Commercial Financial Services (CFS) which it reinsured. Allegations that CFS sold loans to an affiliate at inflated prices; Net operating income for the year of $80.3 million after excluding losses; Comments of analysts and company executives on the financial performance of the company.


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