Brit Insurance Share Discussion Threads

[mr ashley james] 02/9/2005 01:56

Alex,

It should be read and write FBB That is the way I set it up.

Otherwise I guess a £5 a month plus VAT is in order after all the spreads you take or SD are that each plus every trade!

Cheers

Ash:)

[alexandrews] 01/9/2005 23:38

Ash,

In case you didn't realise, that thread only seems to be accessible to premium accounts.

Cheers,

Alex

[mr ashley james] 01/9/2005 21:41

Paddy,

I have started discussion about Hurricane Katrina on here and put forwards my idea of numbers could you and others with comments or information give your input?



Interested in latest Munich Re, Swiss Re, Berkshire Hathaway and Lloyd's numbers and estimates.

Cheers

Ash:)

[gucci] 01/9/2005 20:58

hopefully it'll sit on solid 87p upport

[alexandrews] 01/9/2005 15:40

Paddy,

Do you have any idea which other (listed) insurers will have liabilities arising from Katrina?

TIA

Alex

[paddyfool] 01/9/2005 14:52

It all depends on what the scenario planning was.........If as now seems possible that this loss may exceed £50 billion, the question is how much top layer cover have Brit written and have they sufficient protection?

[old crow] 01/9/2005 12:24

Reckon their good management team wont allow a direct hit
so will increase holding on any panic drops.

Keep Crowing

[alexandrews] 01/9/2005 12:12

Looking at the pictures on Channel 4 News, it looks quite possible that New Orleans could be abandoned completely and become a modern day Atlantis.

I guess nobody here knows which insurers have exposure to this disaster?

[alexandrews] 31/8/2005 22:56

Just seeing the pictures on the news, I must say I have to agree. The question is, which insurers have exposure to this hurricane damage?

[paddyfool] 31/8/2005 19:42

Yep a lot of insurers in the city are in a bit of flap right now. The real problem for the loss estimate is that infrastructure social and material has collapsed so much that it is impossible to get an holistic view of the losses. Unlike the last few hurricanes this one has taken out an enourmous amount of commercial properties. It sort of reminds me of the original announcements after 9/11, all played down and then wham, probably the best example of that at the time was QBE.

[mr ashley james] 31/8/2005 19:21

Paddy,

Yes that is what I thought, it had to be worse than Hurricane Charley and therefore equal to an indexed Hurricane Andrew ie around US$35billion IMO

Cheers

Ash:)

[paddyfool] 31/8/2005 19:11

Katrina will end up in excess of $35 billion dollars to the insurance companies, first cut estimates were way out.

[shavian] 30/8/2005 10:37

Selling massively outnumbers buying this morning in the wake of Katrina (I'm not surprised given the news Noo Orlins) yet the share price goes on up! Any explanations?

[gucci] 28/8/2005 23:45

bought in just before close Friday
fingers xxd

[little beaker] 26/8/2005 10:13

Sounds pretty windy...



1 PM CDT SUN AUG 28 2005

...POTENTIALLY CATASTROPHIC HURRICANE KATRINA MENACING THE NORTHERN
GULF COAST...

A HURRICANE WARNING IS IN EFFECT FOR THE NORTH CENTRAL GULF COAST
FROM MORGAN CITY LOUISIANA EASTWARD TO THE ALABAMA/FLORIDA
BORDER...INCLUDING THE CITY OF NEW ORLEANS AND LAKE PONTCHARTRAIN.
A HURRICANE WARNING MEANS THAT HURRICANE CONDITIONS ARE EXPECTED
WITHIN THE WARNING AREA WITHIN THE NEXT 24 HOURS. PREPARATIONS TO
PROTECT LIFE AND PROPERTY SHOULD BE RUSHED TO COMPLETION.

A TROPICAL STORM WARNING AND A HURRICANE WATCH ARE IN EFFECT FROM
EAST OF THE ALABAMA/FLORIDA BORDER TO DESTIN FLORIDA...AND FROM
WEST OF MORGAN CITY TO INTRACOASTAL CITY LOUISIANA. A TROPICAL
STORM WARNING MEANS THAT TROPICAL STORM CONDITIONS ARE EXPECTED
WITHIN THE WARNING AREA WITHIN THE NEXT 24 HOURS. A HURRICANE WATCH
MEANS THAT HURRICANE CONDITIONS ARE POSSIBLE WITHIN THE WATCH
AREA...GENERALLY WITHIN 36 HOURS.

A TROPICAL STORM WARNING IS ALSO IN EFFECT FROM DESTIN FLORIDA
EASTWARD TO INDIAN PASS FLORIDA...AND FROM INTRACOASTAL CITY
LOUISIANA WESTWARD TO CAMERON LOUISIANA.

FOR STORM INFORMATION SPECIFIC TO YOUR AREA...INCLUDING POSSIBLE
INLAND WATCHES AND WARNINGS...PLEASE MONITOR PRODUCTS ISSUED
BY YOUR LOCAL WEATHER OFFICE.

AT 1 PM CDT...1800Z...THE CENTER OF HURRICANE KATRINA WAS LOCATED
NEAR LATITUDE 26.5 NORTH... LONGITUDE 88.6 WEST OR ABOUT 180 MILES
SOUTH-SOUTHEAST OF THE MOUTH OF THE MISSISSIPPI RIVER.

KATRINA IS MOVING TOWARD THE NORTHWEST NEAR 13 MPH...AND A TURN
TOWARD THE NORTH-NORTHWEST IS EXPECTED OVER THE NEXT 24 HOURS.

MAXIMUM SUSTAINED WINDS ARE NEAR 175 MPH...WITH HIGHER GUSTS.
KATRINA IS A POTENTIALLY CATASTROPHIC CATEGORY FIVE HURRICANE ON
THE SAFFIR-SIMPSON SCALE. SOME FLUCTUATIONS IN STRENGTH ARE LIKELY
DURING THE NEXT 24 HOURS.

HURRICANE FORCE WINDS EXTEND OUTWARD UP TO 105 MILES FROM THE
CENTER...AND TROPICAL STORM FORCE WINDS EXTEND OUTWARD UP
TO 205 MILES.

THE ESTIMATED MINIMUM CENTRAL PRESSURE IS 906 MB...26.75 INCHES.

COASTAL STORM SURGE FLOODING OF 18 TO 22 FEET ABOVE NORMAL TIDE
LEVELS...LOCALLY AS HIGH AS 28 FEET ALONG WITH LARGE AND DANGEROUS
BATTERING WAVES...CAN BE EXPECTED NEAR AND TO THE EAST OF WHERE THE
CENTER MAKES LANDFALL. SIGNIFICANT STORM SURGE FLOODING WILL OCCUR
ELSEWHERE ALONG THE CENTRAL AND NORTHEASTERN GULF OF MEXICO COAST.

RAINFALL TOTALS OF 5 TO 10 INCHES...WITH ISOLATED MAXIMUM AMOUNTS OF
15 INCHES...ARE POSSIBLE ALONG THE PATH OF KATRINA ACROSS THE GULF
COAST AND THE TENNESSEE VALLEY. RAINFALL TOTALS OF 4 TO 8 INCHES
ARE POSSIBLE ACROSS THE OHIO VALLEY INTO THE EASTERN GREAT LAKES
REGION TUESDAY AND WEDNESDAY.

ISOLATED TORNADOES WILL BE POSSIBLE BEGINNING THIS EVENING OVER
SOUTHERN PORTIONS OF LOUISIANA...MISSISSIPPI...AND ALABAMA...AND
OVER THE FLORIDA PANHANDLE.

REPEATING THE 1 PM CDT POSITION...26.5 N... 88.6 W. MOVEMENT
TOWARD...NORTHWEST NEAR 13 MPH. MAXIMUM SUSTAINED WINDS...
175 MPH. MINIMUM CENTRAL PRESSURE... 906 MB.

[rambutan2] 25/8/2005 15:45

aa, there is a way of playing that performance (to some extent).

which is why i noted it.

[alexandrews] 25/8/2005 15:36

Yes, especially given the tough investing environment... 8-)

[rambutan2] 25/8/2005 11:11

It is anticipated that the Group's pre-tax profit for the first half of 2005
will be in the region of #110 million. This is due to ... excellent
investment performance and ... .

good to hear. well done their investment managers!

[paddyfool] 25/8/2005 07:37

yes its company policy to return money to share holders

[marketshaker] 24/8/2005 10:50

I can't see any news on div. In the light of exceptional 1st half performance(like AC Milan in Euro Cup final)does anyone think there will be a special div?

[macansy77] 20/8/2005 08:37

bought in on news, may take a week or two but this is as near to a no-brainer as you can get. Agree with MakingHeaps - no "sell on news" factor here, I think it's more attributable to "everyone missed the news"!

Terrific half year figures (beating the previous FULL year figure!) even if not sustainable are still extremely impressive and will surely bump up the yield and NAV very nicely....

[makingheaps] 19/8/2005 15:52

Obviously insurance is a very cyclical business and exceptionally strong investment returns cannot be considered as consistently repeatable earnings but I think the price here overstates these effects.

Sell on the news surely only applies when the news has been well publicised in advance, ie buy on the rumour sell on the news. If the price had risen 20% in the last month I would agree with you but it hasn't and I can't see why more investors aren't piling in.

Sems an unloved sector as witnessed by the lack of comment on this board. If you cross to any of the oil minnows there are hundreds of posts each day all analysing the smallest titbits of news. Here is a real story yet there is hardly any interest.

[world famous larry] 19/8/2005 15:13

Yes, am very surprised anyone is selling these. Must be the 'sell on news' brigade, after which this seems set to rise.

WFL.

[makingheaps] 19/8/2005 13:38

This share is incredibly cheap! Look back at the last full year results, described as fantastic by the management with pre tax profit of £102.5m, a dividend of 6p and EPS of 7.45. If that were to be repeated in 2005 the shares at 90p are rated with a yield of 6.7% and a PER of 12.

Todays announcement says that pre tax profit for the first six months alone is £110m, ie £7.5m more than they made in the whole of last year.

Astonishing that they have only risen 4% on the news. I expect a lot more next week. There should be lots of positive press comment in the Sundays and some heavy buying.