The Re Report
Woe continues for Annuity & Life
The sun doesn’t shine on everybody in Bermuda, and local life reinsurer Annuity & Life seems to be permanently in the shade.
The company reported a net loss of $68.3m last year, bringing its cumulative deficit for the last four years to $370.0m. The
previous year losses were $132.2m in 2003, $128.9m in 2002 and $40.6m in 2001.