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To: Frank who wrote (60012)2/17/2006 11:18:15 AM
From: Logain Ablar  Respond to of 206200
 
Amazing where PXT just surprised the market (looks like they just put themselves up for sale) and are down 65% while AHL is up 6%. AHL had a $1.4 B gross loss from the 3 hurricanes, 0.9 billion net, and they were able to raise capital to replenish their surplus.

AHL indicated they did not write as much property in the fall and Jan as they were not getting the price they wanted for the risk and co's like PXT were writing the business at lower prices.