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

To: Spekulatius who wrote (41916)	4/2/2011 2:43:10 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78714

FSR - i wonder what to do with it. I sold out (at a loss) due to the unclear insurance loss situation. While the 80-130M loss is bad, it should not be a mortal blow to FSR. What bother me is the following sentence (emphasis mine) Flagstone Reinsurance Holdings, S.A. (NYSE:FSR - News) today announced that its preliminary estimate for losses related to the March 2011, earthquake and tsunami in the Tohoku region of Japan is expected to be between $80 to $130 million net of reinstatement premiums and retrocession. The Company’s estimated loss is based on an estimated industry loss of between $25 billion and $35 billion . Sounds like they estimate their losses based on estimates from peer companies but it does not sound like a sophisticated risk management system to me.