Insurance + Reinsurance

[ValueMaven]

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

[rb]

Does anyone really know exactly what's on the books of any one insurance/reinsurace company?

[Guest longinvestor]

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.

[rb]

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.

[CorpRaider]

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.

[Spekulatius]

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.

[LongTermView]

Is there a source that estimates Texas/Florida direct and reinsurance hurricane exposure by company?

[ValueMaven]

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...

[LongTermView]

http://www.insurancejournal.com/news/national/2017/10/10/466826.htm shows disaster losses by company.