Amit Wadhwaney on Insurance Companies during Crises

Amit Wadhwaney is a former key portfolio manager of Third Avenue Funds, who currently operates his on value-oriented hedge fund under the name Moerus Capital.  At Third Avenue, Amit Wadhwaney led the upstart of the international business at Third Avenue and was the founding manager of the Third Avenue Global Value Fund, LP, the Third … Continue reading Amit Wadhwaney on Insurance Companies during Crises

Prem Watsa on insurance industry outlook in 2010 annual letter

Our businesses in Canada and the United States continue to be challenged by highly competitive market conditions. Excess capacityhas led to downward pressure on rates. Another year of benign catastrophe experience inNorthAmerica has encouraged aggressive pricing. While the industry’s accident year combined ratio is running at 100% or more, reserve releases from prior years have … Continue reading Prem Watsa on insurance industry outlook in 2010 annual letter

A glance at the insurance industry

The insurance industry is a fascinating business as is its function is basically to absorb risk. The apealing aspect of insurance companies to investors are their ability to generate cash. In the words of Warren Buffet: The fountain of funds we enjoy in our insurance operations comes from “float,” which is money that doesn’t belong … Continue reading A glance at the insurance industry