'rising rates in 2006 with less competition' 'fewer reinsurers taking big risks in 2006' 'hurricanes reverting to usual pattern in 06'
Gee, I thought a whole new crop of REinsurers was born in Bermuda since Katrina?
rising rates ? yeah, maybe, what about adverse selection for the downgraded RE dogs?
less competition? wrong
fewer reinsurers ? wrong, & opposite is true
hurricanes revert to norm? really ?? And what if 2006 was the beginning of a major hypercane change, for decades ?
Wasn't Business Week the grand publication that ran a headline in August 1982 about "The Death of Equities" ? Or was it Fortune? Yeah, remember Bermuda dorks, the DOW JONES Ind. Avg. was below 800 back then. Nice call from a business magazine!