What in the world are they talking about? Since Katrina $20 billion in new capital has \”ventured\” onto the island of Bermuda. Guess what? Over 80% of the capital is going into insurers/reinsurers primarily new, who are going to agressively write – CAT COVER!
Wow..it is just possible that those who are putting new venture capital up into new and existing carriers are tired of seeiing their dollars lost over protracted periods of time, and would rather watch their losses occur?
What in the world are they talking about? Since Katrina $20 billion in new capital has \”ventured\” onto the island of Bermuda. Guess what? Over 80% of the capital is going into insurers/reinsurers primarily new, who are going to agressively write – CAT COVER!
Wow..it is just possible that those who are putting new venture capital up into new and existing carriers are tired of seeiing their dollars lost over protracted periods of time, and would rather watch their losses occur?
This industry is really nuts!