Brit Insurance Share Discussion Threads

[hieronymous1] 25/12/2008 17:52

Extended Range Forecast of Atlantic Seasonal Hurricane Activity and U.S. Landfall Strike Probability for 2009
December 24th, 2008



Extended Range Forecast of Atlantic Seasonal Hurricane Activity and U.S. Landfall Strike Probability for 2009 (PDF; 829 KB)
Source: Tropical Meteorology Project, Colorado State University (Dr. Grey)

Information obtained through November 2008 indicates that the 2009 Atlantic hurricane season will be somewhat more active than the average 1950-2000 season. We estimate that 2009 will have about 7 hurricanes (average is 5.9), 14 named storms (average is 9.6), 70 named storm days (average is 49.1), 30 hurricane days (average is 24.5), 3 intense (Category 3-4-5) hurricanes (average is 2.3) and 7 intense hurricane days (average is 5.0). The probability of U.S. major hurricane landfall is estimated to be about 120 percent of the long-period average. We expect Atlantic basin Net Tropical Cyclone (NTC) activity in 2009 to be about 135 percent of the long-term average. This forecast is based on a new extended-range early December statistical prediction scheme that utilizes 58 years of past data. The influences of El Niño conditions are implicit in these predictor fields, and therefore we do not utilize a specific ENSO forecast as a predictor. We currently do not expect to see El Niño conditions during the 2009 Atlantic hurricane season.

[makingheaps] 21/10/2008 18:22

I guess the investment performance is disappointing. Corporate bond defaults is the threat to the insurance companies so called conservative asset allocation.

[topvest] 21/10/2008 16:13

Good interim management statement; bought some this morning and happy with that purchase now. 10% yield. Looks financially robust with improving markets.

[topvest] 20/10/2008 21:17

Looks interesting; any big risk on credit crunch insurance liabilities?

[little beaker] 19/9/2008 11:44

Did I not just say that?

[evox] 19/9/2008 11:02

More likely seen as the beneficiary of business to be picked up from AIG

[little beaker] 19/9/2008 08:36

Lloyds of London insurers doing well over the last few days, on woes about the financial strength of rivals and a couple of rating upgrades, for example at Hiscox.

Hope that helps.

[tole] 18/9/2008 10:19

Hmm - so whats the news here then?

[tole] 18/9/2008 09:11

Markets dont seem to be affecting this one of late - Nice and strong today.

[deadly] 15/8/2008 17:13

These are at an over 10 year low - maybe 20 years. Seems "slightly" overdone, given their track record amongst other things.
The trading statement of 15th May said:

Gross written premium up 5.8% to £528.2m for the 4 months to 30 April 2008 (2007: £499.1m), a 4.5% increase at constant exchange rates (the 'underlying growth').

2.2% overall premium rate decreases on Group renewal business to 30 April 2008 (2007: 1.2%).

Brit Insurance has maintained its highly disciplined underwriting.

Overall claims activity in line with plan.

Sub prime related claims are developing in-line with expectations and the ultimate claim projections are unchanged.

Investment return to 30 April 2008 of 0.38% (2007: 1.82%).

[harry rags] 01/8/2008 10:33

people will catch on soon I think

[jonak] 31/7/2008 22:32

30% drop over the last 2 months and no news....

[liquidkid] 23/7/2008 10:22

FF - did your boiler room op get scammed out of protection insurance? London-based Xbridge is a tech platform to provide small business with online access to insurers - can't see any problems with that. Brit only went live with it in march.

[tole] 23/7/2008 10:02

No point in selling whilst we are on the upwards move.

[oniabsta] 19/7/2008 21:03

i think the worst hurricane season on record has been factored into this sp

[harry rags] 18/7/2008 14:08

Good, welcome aboard

[tole] 18/7/2008 11:42

Bought a few here today.

[goinbroke] 13/7/2008 00:46

You do realise THE BANK OF ENGLAND and THE FEDERAL RESERVE are PRIVATELY OWNED CORPORATIONS, DON'T YOU?

[liquidkid] 03/7/2008 09:46

least of their worries..

a strong La Niña is expected to last through the summer, delivering worse-than-average storm activity this season.
The National Oceanic and Atmospheric Administration (NOAA) predicted above-normal hurricane activity in its Atlantic Hurricane Season Outlook. NOAA projects 12 to 16 named storms will form within the Atlantic Basin, including 6 to 9 hurricanes, of which 2 to 5 will be intense during the upcoming hurricane season.

[madbadtrader] 19/6/2008 15:39

Will these ever stop going down?

[jonak] 02/5/2008 20:19

and now invesco moving in...

[harry rags] 01/5/2008 12:19

I bought them cheaper than Barclays for the same reason :)

[jonak] 30/4/2008 22:21

Barclays global - must think BRE are cheap