Jump to content

Insurers Post Biggest Underwriting Loss Since 2008


Parsad
 Share

Recommended Posts

I have had a hard time deciding what to do with insurers/re-insurers... There is still too much capital on balance sheets and until it is eliminated we will not see a hard market. The problem is large catastrophe losses will result in a big drop in BV. Perhaps the best thing is to buy BRK at current levels (the operating businesses provide some nice diversification to cushion any underwriting losses).

Link to comment
Share on other sites

I have had a hard time deciding what to do with insurers/re-insurers... There is still too much capital on balance sheets and until it is eliminated we will not see a hard market. The problem is large catastrophe losses will result in a big drop in BV. Perhaps the best thing is to buy BRK at current levels (the operating businesses provide some nice diversification to cushion any underwriting losses).

 

 

Give it time.  IMO, we will see a fair bit of adverse development from the policies underwritten over the past couple of accident-years.  A good chunk of capital will ultimately be [glow=red,2,300]vapourized[/glow] (because of decisions already taken!).

Link to comment
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...