Security Capital Assurance Halts Taking on New Business Amid $1.2 Billion Loss in 4th Quarter March 13, 2008 - 6:13 p.m. NEW YORK (AP) - Troubled bond insurer Security Capital Assurance Ltd. on Thursday posted a massive fourth-quarter loss and said it will stop writing new policies in an effort to preserve capital. The Bermuda-based company reported it lost $1.2 billion, or $18.67 per share, in the last three months of the year as the value of securities backed by home loans the company insured deteriorated rapidly. During the same period in 2006, SCA posted a profit of $35.8 million,...