Kingsway loss swells to $405.9m for 2008
North American vehicle insurer Kingsway Financial Services has closed 2008 with a net loss of $405.9m, more than 21 times higher than the year-earlier loss of $18.5m, largely reflecting a 13% decline in earned premiums to $1.48bn and a swing to realised investment losses of $139m from year-earlier gains of $52.2m.