Axa in Advanced Talks to Buy U.S. Insurer XL GroupThis is a re-insurer being acquired. I didn't read it except to note an insurance market is doing a bit of requant. Our insurance protocols received the hurricane costs from the notaries, and that triggers new balance sheets. Six months after hurricanes the result is marked.
Also I note high lumber prices likely due to sudden rebuilding after hurricanes and fires. Housing is taking hit. Most of hurricane losses eaten by Q3 but Q1 might show an unexpected drop.
No comments:
Post a Comment