That\’s NO reason to be UPBEAT, rather a signal to SHORT.
Swiss Re\’s poor track record in \”credit\” and \”capital market\” risks is a
MAIN reason for its shares roughly halving in value last 5 years. Surety and Trade Credit insurance lines are especially underpriced; \”Credit\”, underwritten by PML, destroys value.
See my comments about their recent Crystal Credit \”marquee\”, in the link, below.
That\’s NO reason to be UPBEAT, rather a signal to SHORT.
Swiss Re\’s poor track record in \”credit\” and \”capital market\” risks is a
MAIN reason for its shares roughly halving in value last 5 years. Surety and Trade Credit insurance lines are especially underpriced; \”Credit\”, underwritten by PML, destroys value.
See my comments about their recent Crystal Credit \”marquee\”, in the link, below.
http://www.prmia.org/Weblogs/Insurance/Grebeck/2005/12/its_crystal_cle_1.html