Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
Walmart's New Health Food Push: Is It Too Hard to Swallow?When I started my brief stint in the reinsurance business in late 2007, the words "excess capital" were on everyone's lips. Reinsurers had record capital on hand and were pushing dividends and share buybacks because they couldn't find ways to make it productive. Two years later, we're getting close to those record levels, according to a new report from Aon Benfield (AON), despite everything that's happened in between – the financial crisis, Hurricanes Gustav and Ike and the earthquake in Chile, for example.
If you look at the financials, it's almost like nothing has changed, and let's hope the lessons learned in between aren't obscured by the full pockets that reinsurers can now boast.
If you look at the financials, it's almost like nothing has changed, and let's hope the lessons learned in between aren't obscured by the full pockets that reinsurers can now boast.
It was only a matter of time. Where there are catastrophe losses, there is talk of .gif){kind=logo}
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