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Montpelier Re Holdings Ltd. Message Board

  • edfiggy edfiggy Sep 26, 2005 9:55 AM Flag

    Montpelier Re files for $1 bln mixed sh

    Montpelier Re files for $1 bln mixed shelf
    Mon Sep 26, 2005 09:51 AM ET
    WASHINGTON, Sept 26 (Reuters) - Montpelier Re Holdings Ltd. (MRH.N: Quote, Profile, Research) filed with regulators on Monday to periodically sell up to $1 billion in common and preference shares, debt securities and other securities.
    The Bermuda-based provider of property and casualty reinsurance and insurance products said in a registration statement with the U.S. Securities and Exchange Commission that it will use the proceeds for working capital, capital expenditures, acquisitions and general corporate purposes.

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    • Subj: Re: Montpelier -files for more dilution
      By: benanglin2
      Date: 09/26/05 06:57 pm

      Pelorus,
      The big negative in MRH is the hurricane season is here until Nov. 30......it ain't done. And there is a distinct likelihood it will be here year after year for at least the next 10 yrs...could be 20 yrs. We are in a bad hurricane cycle, and they are very predictable now. Tropical storm weather is the big culprit. I don't see how you MRH can make any money given that scenario.
      ______________________________________________

      <<"We are in a bad hurricane cycle, and they are very predictable now.">>

      Couldn't have said it better myself. Predictability is a great thing for an insurer (or a re-insurer). Given that these events are "VERY PREDICTABLE" [emphasis added], insurers price their products accordingly

      <<"I don't see how you MRH can make any money given that scenario.">>

      Easy. It's called pricing power.

      And once this year's policies are up for renewal, guess what direction the pricing will go?

      Todeskaufman

      Ps: I am sorry that you missed the ride up from the low 20s (hitting $22 and change just last week), all the way up to $26 bucks. Must suck to have missed the train; must suck even more that your hopes of Rita sticking it to MRH didn't play out as planned.

    • By increasing their rates as insurance companies always do.

    • But will they find buyers?

      Just continuing to add up Katrina losses.

      Huricane Wilma forming. And if there is one after Wilma, they will have to make up a new name as the list of names ends with Wilma.

      I know you bulls were excited over the weekend, but what you have here is a chance to get on the short side cause

      MRH gonnacrashsoon

      • 2 Replies to gonnacrashsoon
      • Subj: Re: Montpelier -files for more dilution
        By: gonnacrashsoon
        Date: 09/26/05 10:02 am

        But will they find buyers?

        Just continuing to add up Katrina losses.

        Huricane Wilma forming. And if there is one after Wilma, they will have to make up a new name as the list of names ends with Wilma.

        I know you bulls were excited over the weekend, but what you have here is a chance to get on the short side cause

        MRH gonnacrashsoon
        _______________________________________________

        Looks as though the market found enough buyers just fine, thank you.

        Also looks as though you have a dividend payment that you'll need to be sendin' my way soon, thank you.

 
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