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Montpelier Re Holdings Ltd. Message Board

  • reinsurance.icon reinsurance.icon Feb 10, 2012 4:29 PM Flag

    XL down 8% today

    Impairment crash.

    Got Omaha ?

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    • XL has been a walking disaster for years dating back to a misguided acquisition strategy. That and the company has always lacked internal coordination that has periodically wiped out the company's attempts at risk management.

      The impairment was a writedown of goodwill in view of continued underperformance of acquired operations coupled with the persistently low valuations that the market is placing on insurance properties. Ya' think your lover might have to make a similar adjustment, considering the putrid returns that are being delivered by his insurance operations, and especially the shrinkage at Gen Re?

 
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