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Bull Case for Insurers/Reinsurers


Viking
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for those interested in learning more on specific companies in the insurance/reinsurance sector I recoomend you listen to the companies presenting at the Merrill Lynch Conference.

 

In particular, WR Berkley is quite insightful (you will need to decide if you agree with Bill's forecasts)

I also liked the Ren Re presenation.

 

WRB: www.veracast.com/webcasts/bas/insurance2010/id27059870.cfm

Ren Re: investor.renre.com/phoenix.zhtml?p=irol-eventDetails&c=65065&eventID=2739453

 

There are lots more companies presenting. Insurance/reinsurance is currently the sector that I like the most looking out 12-24 months.

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Doh! I've already bought some!  ;D

 

Ah anyways, this goes back to our previous discussion/thread about WEB buying up Munich Re and Swiss Re and the Bermuda reinsurance companies: http://cornerofberkshireandfairfax.ca/forum/index.php?topic=1811" data-ipsquote-contentclass="forums_Topic" 15296#msg15296

 

Me personally, I've been trying to sniff around for some takeovers w/ re; the Bermuda reinsurers:

http://www.businessinsurance.com/article/20100223/NEWS/100229972

http://www.sec.gov/Archives/edgar/data/919085/000092153010000011/endurance_13da2-022210.txt

 

There's got to be some activity around M&A, even Prem is seeing opportunities (i.e. Zenith): http://www.businessinsurance.com/article/20100218/NEWS/100219924

 

 

I would stick with high quality reinsurers that have acquisition potential.

My picks (that may possibly be M&A targets) are: ENH, RE, PTP

I do recall that Einhorn/Greenlight are holders of RE. And also Longleaf also have a stake in RE.

 

Or else you can play it safe and just go for high quality and well known names (to this board at least): FFH, Munich re, Swiss re, BRK. Although most on this board are satisfied with just outsourcing to FFH and BRK and leaving it as a 'set and forget' strategy ... I've always found much more satisfaction in finding my own ideas, and also prefer to be independent in thought, which helps you become a better investor anyways.

And the returns can be greater too.  ;) ;)

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