Castelnau Share Discussion Threads

[rcturner2] 14/3/2011 10:50

1) no idea
2) no of course not
3) 10th March

[iomhere] 14/3/2011 10:29

RCT2

Three questions:

On your assessment of risk exposure what do you think the nuclear liability is likely to be?
Is the final sentence of 197 part of the RNS?
What was the date of the RNS?

[rcturner2] 14/3/2011 10:14

RNS on the NZ earthquake:

CATLIN ESTIMATES LOSSES FROM FEBRUARY 2011 NEW ZEALAND EARTHQUAKE

HAMILTON, Bermuda - Catlin Group Limited ('CGL': London Stock Exchange), the international specialty property/casualty insurer and reinsurer, today announces an initial estimate of the financial impact of the 22 February 2011 earthquake which occurred near Christchurch, New Zealand. The magnitude-6.3 earthquake resulted in more than 150 deaths and caused significant damage to residential and commercial property.

Catlin currently estimates that its losses related to this event amount to approximately US$125 million, net of reinsurance and reinstatements. This estimate is subject to a considerable degree of uncertainty. It will be many months until the total amount of insured damage arising from this catastrophe can be estimated with precision.

Japan could easily be 10 times this.

[rcturner2] 14/3/2011 10:13

I sold on friday. I think the loss will be huge. We will wait and see what the amount is. What will happen if its £1bn?

[ursus] 14/3/2011 10:02

RCT - do you have any loss estimates in mind as a basis for your view that "this could easily halve"?

[iomhere] 14/3/2011 09:51

RCT
You are convinced so you can always short it.

[rcturner2] 14/3/2011 09:31

This will be a buy at some point, but until they give some kind of indication of the size of their exposure, I am amazed that people are buying and holding the price up at this level. IMHO this could easily halve in price.

[kimboy2] 14/3/2011 09:13

There was talk in The Times of profits being wiped out in some insurance companies and any further problems this year requiring capital raising. Catlin was mentioned and it's Japanese risk seems to be amongst the largest.

[joesoap3] 14/3/2011 09:03

3 x 100000 plus a 60000 buy at fractionally above the prevailing buying price this morning, so someone feels confident

[thelongandtheshortandthetall] 14/3/2011 09:00

i bought more this am. long term view etc.

[rcturner2] 14/3/2011 08:58

I sold all my insurance shares 8am friday. I cannot believe how well the share price is holding up here given the potential damage and exposure.

[fxdealer3] 12/3/2011 20:17

thats equates to $500 m in addition to nz and aus losses this year .

look like circa £3 without further losses

[kimboy2] 12/3/2011 01:53

Initial loss estimates for Lloyd's insurers have been attempted by broker Collins Stewart, which expects Catlin and Hardy to have the highest exposure at 16% of net asset value (NAV) each

[1fox1] 11/3/2011 11:37

What a load of rubbish - it will be damage on japan mainland which will be the major insurance event.

[hosede] 11/3/2011 11:00

It looks like it will be the Tsunamis that cause the damage - the earthquake was well out to sea - A quake of that magnitude under Tokyo would have been catastrophic beyond belief

[justthemoney] 11/3/2011 09:53

Insurance premiums only go up after claims, so more money in the future. I'll be drip buying.

[badtime] 11/3/2011 09:38

try telling the people of christchurch it was little

[justthemoney] 11/3/2011 09:23

Time to buy.

[1fox1] 11/3/2011 09:21

This event in Japan this morning will be a major insurance event.

It will produce losses of many multiples of the little Christchurch event.

[tarvold] 22/2/2011 08:33

Another hit on the way with the latest earthquake in Christchruch, much more damage this time.

[tarvold] 16/2/2011 10:41

Xd date today, record date Friday hence the 17p+ fall first thing.

[seejays] 16/2/2011 09:19

Divi payable on holdings at close of business Friday 18th

[martynm] 15/2/2011 08:39

Being bought for the dividend? xd tomorrow.

[tarvold] 10/2/2011 23:43

Well it got about 400p briefly, lol.