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AMER OVERSEAS GP LTD Message Board

  • girthner21 girthner21 Apr 15, 2009 8:32 PM Flag

    From 10k

    Interesting tidbit about the ambac commutation:

    If the Ambac commutation had been effective at December 31, 2008, it would have resulted in a reduction of RAM Re’s statutory capital and surplus under Bermuda law from $158.4 million to approximately $148.4 million.

    Seems as if the commutation included a fair amount of existing loss reserves based off this information. Anyway just thought I'd throw it up there.