HAMILTON, Bermuda----RAM Holdings Ltd. today announced that its operating subsidiary, RAM Reinsurance Company Ltd. has entered into a Commutation Agreement, effective November 30, 2008, to commute its entire $10.6 billion portfolio of business assumed from MBIA Insurance Corporation and affiliates effective upon receipt by MBIA of a commutation payment of $156.5 million, which includes return of $51.5 million of unearned premium reserves and $61.3 million of estimated loss reserves and impairments as of September 30, 2008.
HAMILTON, Bermuda----RAM Holdings Ltd. today reported a third quarter 2008 net loss of $40.4 million, or net loss of $1.48 per diluted share. This compares to a net loss of $14.7 million, or $0.54 per diluted share, for the third quarter 2007.
HAMILTON, Bermuda----RAM Holdings Ltd. announced today that it will hold a conference call for investors on Monday, November 17th at 11:00 am ET to discuss third quarter 2008 financial results which are scheduled to be released before 9:30 a.m.
RAM Holdings Ltd. (NASDAQ:RAMR) (RAM) today reported a third quarter 2008 net loss of $40.4 million, or net loss of $1.48 per diluted share. This compares to a net loss of $14.7 million, or $0.54
RAM Holdings Ltd. (Nasdaq:RAMR) announced today that it will hold a conference call for investors on Monday, November 17th at 11:00 am ET to discuss third quarter 2008 financial results which are
RAM Holdings Ltd. (Nasdaq:RAMR) responded today to Standard and Poor?s (S&P?s) ratings action. On September 24, 2008, S&P downgraded to A+, from AA, the insurance financial strength rating
The average stock in the Russell 3,000 is down 15.93% since the
market peaked on October 9th. Since October 9th, 17% of the stocks in
the index are higher and 83% are lower.
Below we highlight the best
and worst performing stocks in the Russell 3,000 since the 10/9 top.
As shown, RIGL is up the most at 128.26%, followed by SDTH (110%), IDIX
(96.43%), MOS (80%) and BZP (76%). If these stocks can register these
kind of gains during this downturn, what will they do if the market
actually goes...
Hickey and Walters (Bespoke) submit:
Stocks have gone from rolling down a hill to falling off a cliff over
the last three days. Below we highlight the worst performing stocks in
the Russell 3,000 since Monday's close. In three days, 15% of stocks in the index are down more than 10%.
That's a lot of value down the drain. While we are at extreme oversold
levels and will probably get some gains in the next week or so, there
has been a clear shift to a downtrend, and it's important to take
profits if you play the...
Hopefully this post marks a turning point for the Mortgage
Insurers and the Financial Guarantee Insurers, but when I see Ambac (ABK)
trading within spitting distance of 50% of book, I cringe. I?ve never
been a bull on these companies, but I had heard the bear case for so
long that my opinion had become, ?If it hasn?t happened already, why
should it happen now?? Too many lost too much waiting for the event to
come, and now, perhaps it has come.
David Merkel submits: As I write this, I am listening to a replay of the RAM Holdings Conference Call that happened on Monday. RAM Holdings (RAMR) did not have a good day in the market yesterday, losing 44.5% of their market value. What went wrong?
Investors are more attuned to subprime, and so the merest hint of trouble sends them running for the exits.
They are more attuned to CDOs, and so the merest hint of trouble sends them running for the exits.
OTCPicks.com?s Daily Small Cap and Microcap Newsletter presents a range of the hottest small cap stocks on trading on the OTC and OTCBB markets. In addition to our Newsletters, OTCPicks.com is ...
(RTTNews) - Monday, RAM Holdings Ltd. (RAMR: News ) announced that it's operating subsidiary, RAM Reinsurance Company Ltd. has entered into a commutation agreement, effective November 30, 2008 to ...
HAMILTON, Bermuda--(BUSINESS WIRE)--RAM Holdings Ltd. (Nasdaq:RAMR) today announced that its operating subsidiary, RAM Reinsurance Company Ltd. ("RAM Re") has entered into a Commutation Agreement ...
RAM Holdings Ltd. (NASDAQ:RAMR) (RAM) today reported a third quarter 2008 net loss of $40.4 million, or net loss of $1.48 per diluted share. This compares to a net loss of $14.7 million, or $0.54 ...
, , ) announced today that it will hold a conference call for investors on Monday, November 17th at 11:00 am ET to discuss third quarter 2008 financial results which are scheduled to be released ...
by Nadia S Hassan KUALA LUMPUR: RAM Holdings Bhd?s ratings on locally incorporated foreign banks are at the moment maintained despite the current global financial crisis. ?To date, all ratings on ...
DALLAS, Sept. 26 /PRNewswire/ -- BeaconEquity.com announces the availability of Trade Alerts on stocks making news today. Investors can view all of the daily trading notes for free by visiting ...
HAMILTON, Bermuda--(BUSINESS WIRE)--RAM Holdings Ltd. (Nasdaq:RAMR) responded today to Standard and Poor?s (S&P?s) ratings action. On September 24, 2008, S&P downgraded to A+, from AA, the ...
RAM Ratings, the local subsidiary of RAM Holdings Berhad, an affiliate of Standard & Poor, has assigned a claims paying ability rating of AA- (with a stable outlook) to Sri Lanka Insurance ...
KUALA LUMPUR: There is still an upward potential for the Ringgit as the underlying sentiment for the currency remains intact, said RAM Holdings Bhd?s chief economist Dr Yeah Kim Leng. ?The ringgit ...
Shares of MBIA Inc. and Ambac Financial fall on concern the bond insurers may struggle to get crucial top ratings for new municipal bond units they're planning.
SAN FRANCISCO (MarketWatch) -- RAM Holdings late Monday reported it swung to a first-quarter loss of $189.5 million, or $6.95 a share, compared with net income of $14.3 million, or 52 cents a share, in the year-ago quarter. The Bermuda-based financial guaranty reinsurer attributed its losses to increases in mark-to-market losses on credit derivatives and a rise in case basis loss reserves, related mostly to a deterioration in the performance of residential mortgage-backed securities.
Among the companies whose shares are expected to see active trade in Monday's session are the investment banks, including Bear Stearns, Lehman Brothers and Morgan Stanley; the oil producers, Axcelis, Captaris, Carlyle Capital, I-Trax, Nymex, PMI Group, RAM Holdings, A. Schulman, and Weyerhaeuser.
LONDON (MarketWatch) -- RAM Holdings , a Bermuda-based financial guaranty reinsurer for U.S. and international public finance and structured finance transactions, swung to a fourth-quarter loss of $152.9 million, or $5.61 a share. It earned $10 million, or 37 cents, in the year-ago quarter. Most of the losses came on an increase in fair value losses on credit derivatives of $149.4 million. Two analysts polled by FactSet expected earnings of 37 cents a share.
SAN FRANCISCO (MarketWatch) -- Bond insurers slumped on Thursday amid concern that they may be hobbled by rising defaults on subprime mortgages and downgrades of the asset-backed securities tied to those loans.
SAN FRANCISCO (MarketWatch) -- Radian Group Inc. reported a big third-quarter net loss Thursday, reflecting ongoing turmoil in credit markets and sending the insurer's sharply lower.
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