Forum Archive Index - September 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

True Ceejay, but reports say that it will be years before the last of the claims will be settled.

 

If I had an insurance company and was not immediately ( 30 days or so) in need of cash, then I would think twice before selling in the first few days, unless there were rises.

 

QBE has 'Collars' or stops on their share prices and these are positive as to their investments, they said.

 

Taking time to settle claims will have the advantage of raising insurance and reinsurance contract prices and thus produce at least some of the cash needed to settle those claims!

 

The insurance cycle had only just started and this will give it even more impetus.

 

In my opinion, the renewal of an insurance contract is going to be more expensive!  

 

Gerry