Goshawk Insurance Share Discussion Threads

[theberg] 01/4/2005 15:21

Pomp,

Yes Christine Danbridge is still at AUW very good sign IMO.

Ursus,

No I am a Light Reflecting Ice Berg!

WELL IT'S HARDLY A BLOODY REPLACEMENT, IS IT?!!???!!?

Berg(;-)0

[ursus] 01/4/2005 15:09

berg - oh no! you really are ashley james, aren't you!

[theberg] 01/4/2005 15:00

Pomp,

I rated Christine Danbridge of AUW highly if she is still there.

Need to check up.

GOS yesterday was day 13 of sideways action if you subtract 25/03 and 28/03 these mms seem to be trying to wear us down shorting 44.00p longing 42.00p 42.50p to 42.65p

Still trying to get the holding they want by the looks of things yet all trades look like retail punters not institutional.

I really can not understand why if an institution thinks this will hit 71.85p by end this quarter they just don't get on with it and take the plunge!

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz!


Berg(;-)0

[pomp circumstance] 01/4/2005 14:17

Atrium Und?


Im always wary of people in glass houses!!!

[theberg] 01/4/2005 11:52

Pomp,

It looks like Atrium Underwriting Plc AUW Full Year Results are going to be excellent.

Berg(;-)0

[theberg] 30/3/2005 12:58

Davidoffetc,

To cheer you up in times of tedium!

Beautiful Plummage!



Dead Parrot Sketch



The cast:

MR. PRALINE
John Cleese
SHOP OWNER
Michael Palin



--------------------------------------------------------------------------------

The sketch:

A customer enters a pet shop.

Mr. Praline: 'Ello, I wish to register a complaint.

(The owner does not respond.)

Mr. Praline: 'Ello, Miss?

Owner: What do you mean "miss"?

Mr. Praline: I'm sorry, I have a cold. I wish to make a complaint!

Owner: We're closin' for lunch.

Mr. Praline: Never mind that, my lad. I wish to complain about this parrot what I purchased not half an hour ago from this very boutique.

Owner: Oh yes, the, uh, the Norwegian Blue...What's,uh...What's wrong with it?

Mr. Praline: I'll tell you what's wrong with it, my lad. 'E's dead, that's what's wrong with it!

Owner: No, no, 'e's uh,...he's resting.

Mr. Praline: Look, matey, I know a dead parrot when I see one, and I'm looking at one right now.

Owner: No no he's not dead, he's, he's restin'! Remarkable bird, the Norwegian Blue, idn'it, ay? Beautiful plumage!

Mr. Praline: The plumage don't enter into it. It's stone dead.

Owner: Nononono, no, no! 'E's resting!

Mr. Praline: All right then, if he's restin', I'll wake him up! (shouting at the cage) 'Ello, Mister Polly Parrot! I've got a lovely fresh cuttle fish for you if you
show...

(owner hits the cage)

Owner: There, he moved!

Mr. Praline: No, he didn't, that was you hitting the cage!

Owner: I never!!

Mr. Praline: Yes, you did!

Owner: I never, never did anything...

Mr. Praline: (yelling and hitting the cage repeatedly) 'ELLO POLLY!!!!! Testing! Testing! Testing! Testing! This is your nine o'clock alarm call!

(Takes parrot out of the cage and thumps its head on the counter. Throws it up in the air and watches it plummet to the floor.)

Mr. Praline: Now that's what I call a dead parrot.

Owner: No, no.....No, 'e's stunned!

Mr. Praline: STUNNED?!?

Owner: Yeah! You stunned him, just as he was wakin' up! Norwegian Blues stun easily, major.

Mr. Praline: Um...now look...now look, mate, I've definitely 'ad enough of this. That parrot is definitely deceased, and when I purchased it not 'alf an hour
ago, you assured me that its total lack of movement was due to it bein' tired and shagged out following a prolonged squawk.

Owner: Well, he's...he's, ah...probably pining for the fjords.

Mr. Praline: PININ' for the FJORDS?!?!?!? What kind of talk is that?, look, why did he fall flat on his back the moment I got 'im home?

Owner: The Norwegian Blue prefers keepin' on it's back! Remarkable bird, id'nit, squire? Lovely plumage!

Mr. Praline: Look, I took the liberty of examining that parrot when I got it home, and I discovered the only reason that it had been sitting on its perch in the
first place was that it had been NAILED there.

(pause)

Owner: Well, o'course it was nailed there! If I hadn't nailed that bird down, it would have nuzzled up to those bars, bent 'em apart with its beak, and
VOOM! Feeweeweewee!

Mr. Praline: "VOOM"?!? Mate, this bird wouldn't "voom" if you put four million volts through it! 'E's bleedin' demised!

Owner: No no! 'E's pining!

Mr. Praline: 'E's not pinin'! 'E's passed on! This parrot is no more! He has ceased to be! 'E's expired and gone to meet 'is maker! 'E's a stiff! Bereft of life, 'e
rests in peace! If you hadn't nailed 'im to the perch 'e'd be pushing up the daisies! 'Is metabolic processes are now 'istory! 'E's off the twig! 'E's kicked the
bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisibile!! THIS IS AN EX-PARROT!!

(pause)

Owner: Well, I'd better replace it, then. (he takes a quick peek behind the counter) Sorry squire, I've had a look 'round the back of the shop, and uh,
we're right out of parrots.

Mr. Praline: I see. I see, I get the picture.

Owner: I got a slug.

(pause)

Mr. Praline: Pray, does it talk?

Owner: Nnnnot really.

Mr. Praline: WELL IT'S HARDLY A BLOODY REPLACEMENT, IS IT?!!???!!?

Owner: N-no, I guess not. (gets ashamed, looks at his feet)

Mr. Praline: Well.

(pause)

Owner: (quietly) D'you.... d'you want to come back to my place?

Mr. Praline: (looks around) Yeah, all right, sure.

[theberg] 30/3/2005 08:07

Pommie,

Yes G8 Exposure including Japan only, mostly North America and Japan because EU Rates perceived to be too low mainly as a result of over concentration of XOL capacity in EU, Skandinavia and Switzerland.

The fat Catastrophe rates, ie Rates On Line have always historically been USA and Japan, ie the companies there need the capacity and have to pay for it.

The bottom line is niche players like Rosemont Re are in a very good position to capitalise on this, unlike other Bermudan Reinsurers eg ACE and XL they do not write a Long Tail Casualty Book, so this exposure which scares the pants off me is also not relevant to the 2004 and 2005 year of account.

Basically if you want a pure short tail risks attaching/lossses occuring book in the G8 GOS is your only London FTSE Listed bird to fly with.

Rarity becomes her, indeed she put on 40% more business in the January 2005 Renewal Season alone, and made US$10m first half 2004 for example!

As far as I can see the history of Lloyd's Goshawk Holdings in Syndicate 102 is the Central Fund at Lloyd's problem not Rosemont Re's ie to me there is finality in spades bar the not exceeding 3.57% to 6.85%% (edited 02/4 to be accurate original post 10%) Syndicate 102 QQS Reinsurance line written by Goshawk Re in previous years of account.

BTW I note mms keeping Offer at 44.00p just walking bid down to 42.50p presumably to scare any lose holders out and get them or their clients cheap long entries.

All IMHO, NAG, DYOR etc, etc

Berg(;-)0

[davidoffetc] 29/3/2005 23:50

Not sure of its significance, but when I asked a spread bet firm last week for a June Gos quote they said they were not opening any new short positions (For the record I wanted a long). I can only assume that no one wants to loan their stock at the momment. Could be a good sign.

[pomp circumstance] 29/3/2005 20:21

To reinforce Mr James comment regarding ares of exposure i refer the honerable and damm right corrupt amongst you to Rosemont Res statement in decemeber.

NEWS RELEASE
December 29, 2004



Asia Earthquake and Tsumami

GoshawK Insurance Holdings plc ("GoshawK"), the parent company of Rosemont Reinsurance Ltd. in Bermuda ("Rosemont Re"), today announces that any financial exposure to the Asia earthquake and ensuing tsunami is expected to be minimal.

Typically, the bulk of catastrophe loss for a reinsurance company would emanate from the direct treaty reinsurance book in the territory affected. Rosemont Re has chosen to focus its property and marine underwriting on the G8 countries and as a result does not write any direct Asian (ex Japan) treaty business. The company also has no Travel or Personal Accident exposure.

[pomp circumstance] 29/3/2005 20:15

If you count carefully you will see their are 216 black flecks on that Goshawk.

Now what could than mean?

[pomp circumstance] 29/3/2005 20:13

fly baby fly!!

The Northern Goshawk is legendary for its ferocity, beauty and amazing flight skills. In ancient Persia it was called Baz-Nama, the King Hawk, and in medieval Europe it was the most prized of all falconry hawks. Linnaeus named it Accipiter gentilis in the 16th century, for its nobility (gentilis) and awesome ability to seize (accipere) squirrels, rabbits, birds, and other prey on the fly.

[theberg] 29/3/2005 14:11

Australia & New Zealand




Quake Strikes Island Off Sumatra; 300 People Killed (Update7)
March 29 (Bloomberg) -- A magnitude 8.7 earthquake, among the 10 most powerful worldwide since 1900, struck near the west coast of Sumatra in Indonesia last night, killing 300 people on the island of Nias, the government said.

About three-quarters of the two-story buildings on Nias have collapsed, presidential spokesman Andi Mallarangeng said in a telephone interview from Jakarta today. The death toll may rise to as high as 2,000, he said. The official toll is 300, Sugeng Triutomo, an official at the National Coordinating Body for Disaster Relief, said earlier.

The quake sparked panic as governments issued tsunami warnings in Indian Ocean countries that are trying to recover from the Dec. 26 disaster that killed more than 270,000 people in the region and sparked the biggest relief operation in history with more than $6 billion pledged. The latest quake was located near the epicenter of the December one.

``We have sent search and rescue teams from Indonesia, Malaysia and France to Nias,'' Triutomo said.

The airport in the city of Gunungsitoli on Nias was damaged, with the tower collapsing and the runway cracked, Information Minister Sofyan Djalil said after an emergency relief meeting today in Jakarta. Nias has a population of about 700,000.

Striking Waves

A 3-meter wave struck the island of Simeuleu north of Nias causing damage, Agence France-Presse reported citing local military officials. Earlier, an Indonesian Red Cross official said the body wasn't able to contact staff on Simeuleu island.

The earthquake, the intensity of which was revised from 8.2 by the U.S. Geological Survey, occurred at 11:09 p.m. yesterday Indonesian time, it said on its Web site. The quake's epicenter was 30 kilometers underground and it was located 250 kilometers southwest of Medan, the capital of North Sumatra. The December quake was located 300 kilometers west of Medan.

``We have lost contact with Simeuleu Island, which I strongly suspect, also suffered quite badly from the earthquake last night,'' said Iyang Sukandar, secretary general for Indonesian Red Cross, in a phone interview.

``We have 20 people on the ground there who have been helping with relief efforts, including doctors and nurses, but we haven't been able to gain contact with any of them.''

The Indonesian Red Cross sent an assessment team of 12 people to Nias earlier this morning, he said.

Canceled Warnings

The town of Singkil on the coast of Sumatra adjacent to the earthquake was flattened by the earthquake, AFP reported. The town was damaged in the December quake.

The Banyak islands next to Singkil and in between Nias and Simeuleu were directly above the quake, according to location maps.

``Infrastructure has been severely damaged in Nias, Simeuleu, as well as on Banyak islands,'' Endang Suwarya, a military commander in Aceh, told MetroTV. He didn't say if there were casualties in Banyak.

Oxfam International said it had reached Nias island in an e- mailed statement received this afternoon.

``The devastation is obvious as soon as you land,'' Alessandra Boas, a member of the Oxfam team, was quoted saying in the statement. ``Many of the houses here have collapsed, but it's still too early for us to get a sense of the full scale of this.''

Without Power

The Belawan gas power plant in Medan on the other side of the Sumatran coast, ``is now only operating 300 megawatts from 800 megawatts because of damage from the quake,'' said Minister for Mining Resources and Energy Yusgiantoro Purnomo. ``We are fixing it and at the moment Medan and its vicinity are in blackout.''

The World Health Organization extended $10,000 in immediate aid to treat trauma and injuries, it said in an e-mailed press statement. It said basic needs such as shelter, food, water, sanitation and family hygiene are priorities. It sent a team of 50 health personnel on a Hercules aircraft today, it said.

The International Organization for Migration will send supplies from Medan, which is its base for relief aid to Aceh, it said.

The government provided 35 billion rupiah ($3.6 million) immediately and there are 2 trillion of funds available, officials said.

Aceh province, which administers Simeuleu, and North Sumatra, the province where Nias is, were the worst hit areas in the Dec. 26 earthquake and tsunami disaster with more than 220,000 killed or missing.

The giant waves, at 10 meters high in some places, devastated local economies in Indian Ocean countries, including the fishing industry in Sri Lanka and beach hotels in Thailand.

Without Power

Nias has a population of 711,661, with 42 percent aged less than 15 and 61 percent under 26 years of age, according to a government damage report in January. Nias is the poorest district in North Sumatra with a share of only 4.43 percent of regional gross domestic product, it said.

About 40 percent of Nias is without power, said Eddie Widiono, president of PT Perusahaan Listrik Negara, the state utility.

Malaysia, Thailand, Sri Lanka and India issued tsunami alerts early today, which were later canceled, AP said. Television networks showed people fleeing in most locations.

In the Maldives, waves 23 centimeters (9.2 inches) higher than average were recorded today, with similar wave anomalies noted in Colombo, Sri Lanka, Robert Cessaro, a geophysicist at the U.S. government's Pacific Tsunami Warning Center in Honolulu in a telephone interview.

The earthquake is a wake-up call for creating a tsunami early warning system in the Indian Ocean, the United Nations said.

``What we hope now is that the international community will really speed up work on the early warning system for the tsunami,'' Jan Egeland, the UN emergency relief coordinator, said yesterday, according to the UN's Web site.

There were 15 aftershocks of magnitude 4.9 or greater in the area through to 12:16 p.m. local time, the USGS said. The most powerful was 6.1 magnitude at 1:30 a.m., it said.

Indonesia's 18,000 islands are prone to earthquakes because the nation sits along the Pacific's ``ring of fire'' zone of active volcanoes and tectonic faults. The country lies above three major tectonic plates, or slabs of the Earth's crust that float on the planet's molten core.



To contact the reporters on this story:
Soraya Permatasari in Jakarta [e-mail]; Wahyudi Soeriaatmadja in Jakarta at (62) [e-mail].

To contact the editor responsible for this story:
Paul Tighe at [e-mail].
Last Updated: March 29, 2005 04:49 EST

[theberg] 29/3/2005 00:00

Josey Reyes,

Looked at GOS Chart post Bam EQ in Iran 26/12/2003 and post Tsunami 26/12/2004, I think if anything EQ in Indonesia will probably help harden catastrophe rates and help GOS continue up

After the 26/12/2004 Tsunami GOS went up from 39.00p to 41.00p or 38.00p bid to 41.50p offer, so I expect this Earthquake today will mean all Lloyd's ILV's go up.

I am expecting GOS to hit 47.28p this week.



GOS only write business in First World ie no Third World so we really will not have much if any exposure anyway.

Basically GOS are mainly North America and Japan exposed, with low EU Exposure due to rating levels in EU.

All IMO, NAG, DYOR etc, etc

[theberg] 28/3/2005 16:19

Pommie,

Reckon we should see 47.28p on GOS this week when those idle, slothesome market makers deign to turn up at work.

Berg(;-)0

[theberg] 28/3/2005 10:16

I want to know G-d's thoughts... the rest are details
Albert Einstein

[pomp circumstance] 28/3/2005 06:20

I think you will find the cloggies are famous for making money so your theory goes out the window there (apart from swapping New York for Surinam!!!)

William Gates III aint that short either!!!!

[theberg] 28/3/2005 02:26

Exactly!

Berg(;-)0

PS Short People make Money (Who is Queen?), Blondies/Cloggies and Flip Flops R 4 Losers!

Tulip Bulb Anyone?

[theberg] 26/3/2005 13:53

Peter,

What is £2,409,775.20 between friends?(;-)0

[peter11] 24/3/2005 15:57

Just in case no one noticed.

23 March 2005

5,737,560 shares traded at 42.0p, total value £2,409,775.20.

Trade is marked as a sell, type of trade X.

X Cross at the Same Price
A transaction was effected as an agency cross or a riskless principal transaction at the same price and on the same terms (this requires one trade report).

[theberg] 24/3/2005 15:32

LOOL! (Dr00ling/DriBBling) Berg(;-)0

44.00p/43.812p?

0.188p Chuff lovely!