This is an excerpt from the 2010 Annual Report of Odissey Re: We wrote $539 million of gross premiums in EuroAsia in 2010, a decrease of 3.7% from the previous year. [...] Meanwhile, premiums written from Singapore grew 24%, mainly due to expanded property writings in Japan and China. [...] The business mix of our … Continue reading Fairfax exposure to Japan
Tag: Insurance
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
Buffett to Shareholders – 1977
Excerpts from Warren Buffett´s 1977 Letter to Shareholders