Grenville Posted January 19, 2012 Share Posted January 19, 2012 Thai Re agrees to sell 21% stake to Fairfax http://www.bangkokpost.com/business/economics/275934/thai-re-agrees-to-sell-21-stake-to-fairfax Link to comment Share on other sites More sharing options...
Grenville Posted January 19, 2012 Author Share Posted January 19, 2012 Additional detail from Fairfax press release: http://www.fairfax.ca/news/press-releases/press-release-details/2012/Fairfax-to-Purchase-Interest-in-Thai-Reinsurer1127996/default.aspx 25% stake for US $70million Link to comment Share on other sites More sharing options...
sdev Posted January 20, 2012 Share Posted January 20, 2012 Keep it up Prem, seeds for the next 20 years. Link to comment Share on other sites More sharing options...
king888 Posted February 13, 2012 Share Posted February 13, 2012 Here is ThaiRe's latest investor presentation(English) http://www.thaire.co.th/news.asp?News_ID=341 ThaiRe would go bankrupt without Fairfax capital injection due to massive loss from Thai Flood. Link to comment Share on other sites More sharing options...
Grenville Posted February 13, 2012 Author Share Posted February 13, 2012 Thanks for posting the presentation. Any idea what types of policies are covered in their "miscellaneous" category? Link to comment Share on other sites More sharing options...
king888 Posted February 13, 2012 Share Posted February 13, 2012 From 2010 AR . They are Personal Accident, Health,Engineering, and Burglary . And from what I heard from thai message board. Air transport related insurance also falls into this category. I believe PA & Health attribute to grow in this portion because Bancassurance channel that has just begun in Thailand for 4-5 years. And Air transport should be a large part also due to low-cost airlines massive expansion . Link to comment Share on other sites More sharing options...
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