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Balance Sheet Cash Flow Statement RAM Re House, 46 Reid St. Hamilton HM 12, Bermuda Tel. 441-296-6501 Fax 441-296-6509 |
Type: Public
On the web:
http://www.ramre.bm
Employees:
15
Employee growth: (6.3%)
Operating through wholly owned subsidiary RAM Reinsurance (RAM Re), Bermuda-domiciled RAM Holdings provides financial guaranty reinsurance. The company's customers are primary financial guaranty insurers -- such as Ambac, Financial Security Assurance, and MBIA -- who cede some of the risk of their financial guaranty policies to RAM Re. (Financial guaranty insurance protects investors in bonds and other securities against non-payment of debt.) The firm takes on reinsurance risk for public finance and structured finance obligations originated in the US and abroad.
Key numbers for fiscal year ending December, 2008:
Sales: $111.2M
Net income: ($159.5)M
Officers:
Chairman: Steven J. Tynan
President, CEO, and Board Member: Vernon M. Endo
CFO: Edward U. Gilpin
Competitors:
Assured Guaranty
Radian Asset Assurance
Syncora Holdings
