nwoodman Posted July 31, 2010 Share Posted July 31, 2010 About 8-9 mins in length, Prem discusses Soft market - never know when it will end CPI linked derivative contracts - provides protection, contracts with strong counterparties who will be there in 10 years time TIG acquisition - runoff duration 3-5 years, they have looked at many runoffs and have finally found one that meets their crietera, he sounds pretty excited Cheers nwoodman Link to comment Share on other sites More sharing options...
omagh Posted July 31, 2010 Share Posted July 31, 2010 Transcript is here: http://seekingalpha.com/article/217810-fairfax-financial-holdings-ltd-q2-2010-earnings-call-transcript click tabs in page for opening remarks and Q&A -O About 8-9 mins in length, Prem discusses Soft market - never know when it will end CPI linked derivative contracts - provides protection, contracts with strong counterparties who will be there in 10 years time TIG acquisition - runoff duration 3-5 years, they have looked at many runoffs and have finally found one that meets their crietera, he sounds pretty excited Cheers nwoodman Link to comment Share on other sites More sharing options...
Myth465 Posted July 31, 2010 Share Posted July 31, 2010 Thanks so much for the MP3, now I am exited. I hate having to call in. Link to comment Share on other sites More sharing options...
Guest FFHfan Posted July 31, 2010 Share Posted July 31, 2010 About 8-9 mins in length, Prem discusses Soft market - never know when it will end CPI linked derivative contracts - provides protection, contracts with strong counterparties who will be there in 10 years time TIG acquisition - runoff duration 3-5 years, they have looked at many runoffs and have finally found one that meets their crietera, he sounds pretty excited Cheers nwoodman Thanks so much for the MP3, now I am exited. I hate having to call in. Thank you nwoodman. This is great!!!!!!!!!! Link to comment Share on other sites More sharing options...
gaf63 Posted July 31, 2010 Share Posted July 31, 2010 Couple of things from conf. call, interest was the lowest since I've owned FFH, 2 questions only The one from Cormark was about lowering costs considering the decline in premiums, Prem's answer was that the market can turn and we have to be ready, so we can expect higher cr's from Northbridge and the US cos. til the market hardens. Also he said that most companies CR is above 100 on the accident yr. and with low interest rates prices will have to raised at some point soon FFH is now hedged against inflation, deflation and a fall in the market, with all these hedges I would think that earnings will be very volatile from here on out(as they were when the cd's were in place) Also, there was a 36.4 mil loss from the Deepwater spill. Thought they got out of marine after Katrina Link to comment Share on other sites More sharing options...
Zorrofan Posted July 31, 2010 Share Posted July 31, 2010 thanks for posting this - can anyone clarify the comment from the Q & A section about buying a runoff portfolio? I never heard about this?? thanks Zorro Link to comment Share on other sites More sharing options...
Rabbitisrich Posted August 1, 2010 Share Posted August 1, 2010 thanks for posting this - can anyone clarify the comment from the Q & A section about buying a runoff portfolio? I never heard about this?? thanks Zorro They made a purchase through TIG: http://www.marketwatch.com/story/fairfax-financial-holdings-limited-second-quarter-financial-results-2010-07-29?reflink=MW_news_stmp Search for "On June 11, 2010, TIG Insurance Company ("TIG"),". Link to comment Share on other sites More sharing options...
Zorrofan Posted August 1, 2010 Share Posted August 1, 2010 thanks Zorro Link to comment Share on other sites More sharing options...
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