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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (39592)	10/9/2010 1:54:25 AM
From: Spekulatius	Read Replies (4) \| Respond to of 78748

re FSR, RGA, FMR - FSR catastrophe insurance is very different from RGA life reinsurance business - the latter is more of a long tail risk. FMR is on my buy list too, I missed it when it was close to 9$/share. I own RGA as well and would buy more if it falls below 45$/share. I agree that the insurers are cheap - it used to be that they became decent buys around tangible book but nowdays, plenty can be bought at <80% tangible book and decent earnings. I assume it is due to the soft insurance market and to some extend low interest rates (good for book but not that great for earnings on the float). Anyways, I am buying a diversified bunch of these opportunistically as I see fit. I currently own: TRH, RGA, FSR,ASI, DL.AS (Delta Lloyd)