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Mystery solved


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It was a pleasant surprise to see BRK's good underwriting results EOY, especially after the hit from Sandy, plus BRK's float growing, despite WEB 's caution at last year's AGM.


Ajit Jain reportedly placed up to $2B in quota share or similar premiums for cat coverage in the Far East last year. 2012 was a low loss year for Aus/NZ and Asian cats, and a lot of those premiums evidently fell to the bottom line.  Ajit is reportedly on the prowl now in Japan apparently to preempt the big April renewals of the big Japanese  insurers, to the consternation of other international reinsurers.

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