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Strategies & Market Trends : Value Investing

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To: rjm2 who wrote (12737)	7/5/2001 5:50:04 AM
From: Tony van Werkhooven	Read Replies (1) of 78921

RJM - In response to your question:Does anyone know what "run-off" means in the context below ? I have never heard that term. The likely meaning of the term is as follows:the company acquired is not actively writing new business, i.e. it is in a runoff mode. Hence the acquiring company needs to make an evaluation of reported liabilities and future cash flows, based on claims made and an assesment of IBNR. Tony

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