|
Balance Sheet Cash Flow Statement Clarendon House, 2 Church St. Hamilton HM 11, Bermuda Tel. 441-296-0519 |
Type: Public
On the web:
http://www.primusfinancial.com
Employees:
42
Employee growth: (27.6%)
Assuming risk is the premise of Primus. Through primary subsidiary Primus Financial Products, Primus Guaranty sells credit default swaps, primarily to commercial and investment banks, credit portfolio managers, and insurance companies. The credit default swaps help financial services firms reduce their exposure to credit risk from bonds, loans, and receivables. Another Primus Guaranty subsidiary, Primus Asset Management, manages the portfolios of Primus Financial Products, as well as those of third parties. XL Capital owns about one-third of Primus Guaranty's stock.
Key numbers for fiscal year ending December, 2008:
Sales: ($1,678.3)M
Net income: ($1,716.1)M
Officers:
Chairman: Michael P. Esposito Jr.
CEO and Director: Thomas W. Jasper
CFO: Richard Claiden
Competitors:
JPMorgan Chase
MassMutual
Merrill Lynch
