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To: Perspective who wrote (196434)	10/9/2002 11:13:16 AM
From: stan_hughes	Read Replies (2) \| Respond to of 436258

bobcor - Excuse the buttinski, but AIG also has gold price issues in its closet

To: Perspective who wrote (196434)	10/9/2002 11:20:20 AM
From: reaper	Read Replies (1) \| Respond to of 436258

i have not really shorted insurers, as i don't really understand the financial statements. and that has cost me. i am short NFS, which gets a big part of its business from annuities (big capital markets risk). i also recently shorted Chubb on the departure of their CFO -- this is pretty much an 'auto-short' rule for me. a long time ago i was short Mutual Risk Management (MM), which was a workers comp reinsurance business that went BK; the financials there were so dreadful even i not really understanding insurance financials could tell they were bad. i am also short the mortgage (MTG, RDN) and credit (MBI, ABK) insurance companies, if you consider those to be 'insurance'. am looking in the life, property & casualty, and workers comp area for targets but except for Chubb have not come up with any yet. Cheers