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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (9446)	9/16/2001 11:56:08 AM
From: carranza2	Read Replies (1) \| Respond to of 74559

The insurers on the risk in all probability re-insured it, and the first level of reinsurance probably reinsured a goodly portion of that, and so on. It's how the game is played, spread the risk. Because of the magnitude of the losses, the reinsurers are going to take a hit. Explains Bin Laden's alleged short selling of Munich Re. The insurance stocks are going to nevertheless be hit hard. But because premiums are likely to skyrocket as a result of the incident, there will be tremendous bargains in the sector on Monday. If I had any spare cash to invest, that's where I would put it. The insurance blood will be on the street for those who are daring.