ValueMaven Posted September 9, 2017 Share Posted September 9, 2017 Many Insurance + Reinsurance stocks have off between 10% - 20% this past week due to Cat 5 Irma approaching southern Florida...Starting this thread as there maybe some ideas... I've been looking at RNR and XL... Sincerely, VM Link to comment Share on other sites More sharing options...
rb Posted September 9, 2017 Share Posted September 9, 2017 Does anyone really know exactly what's on the books of any one insurance/reinsurace company? Link to comment Share on other sites More sharing options...
Guest longinvestor Posted September 9, 2017 Share Posted September 9, 2017 Does anyone really know exactly what's on the books of any one insurance/reinsurace company? Would be interesting to see what impact this has on Berkshire's insurance; They supposedly are writing less cat insurance. We will see this quarter. Also, with the benign years now gone with this year the relative impact on other insurers vis a vis Berkshire would be relevant. Link to comment Share on other sites More sharing options...
rb Posted September 9, 2017 Share Posted September 9, 2017 Well Berkshire's gonna take some hits. No way reinsurance escapes without paying out a good chunk. GEICO's gonna take a bath too. However, all of this is unquestionably really good for Berkshire. Link to comment Share on other sites More sharing options...
CorpRaider Posted September 9, 2017 Share Posted September 9, 2017 Didn't he just say they haven't written any Cat in 6 years? Honestly, I've kind of been waiting for UVE or peers to file and BRK to get back in the market before looking hard at you know P&C insurers in general. Wonder what Markel has going, with the acquisitions especially. Would sort of save me some brain damage/time if some of these supposed Berkalikes get exposed has having ignored WEB on the risk/reward in a major way. Link to comment Share on other sites More sharing options...
Spekulatius Posted September 9, 2017 Share Posted September 9, 2017 I bought AXS, RE and a bit of AHL. Those stocks have been battered enough discounting a 100 year event. I think the well managed insurers keep exposure to a 100 year event to <20 % of their book value. Link to comment Share on other sites More sharing options...
LongTermView Posted September 9, 2017 Share Posted September 9, 2017 Is there a source that estimates Texas/Florida direct and reinsurance hurricane exposure by company? Link to comment Share on other sites More sharing options...
ValueMaven Posted September 10, 2017 Author Share Posted September 10, 2017 I bought AXS, RE and a bit of AHL. Those stocks have been battered enough discounting a 100 year event. I think the well managed insurers keep exposure to a 100 year event to <20 % of their book value. Agreed - I picked up XL Group on Thursday...the Storm's path has shifted materially to the western part of FL, which is less density populated then FL's eastern cost... Link to comment Share on other sites More sharing options...
LongTermView Posted October 12, 2017 Share Posted October 12, 2017 http://www.insurancejournal.com/news/national/2017/10/10/466826.htm shows disaster losses by company. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now