BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Quanta makes nine-month loss


HAMILTON, Bermuda—Quanta Capital Holdings Ltd., which placed all but its Lloyd's of London business into runoff last year, has posted a loss of $57 million loss for the first nine months 2006, compared with a $51.2 million loss in the same period last year.

Hamilton, Bermuda-based Quanta reported a net profit of $3 million for the third quarter 2006. This compares with a $59 million loss in the same period 2006.

The company announced a joint venture with London-based Chaucer Holdings P.L.C. in October that should secure the future of its ongoing Lloyd's operations.

Gross premiums written by Quanta's Lloyd's unit in the third quarter were $22 million. However the company reported negative gross premiums of $6.7 million for the third quarter 2006, as it returned some $32.9 million of premiums to clients that cancelled contracts with the company.