Insurance prices have escalated so quickly because of poor investments
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Date: May 14th, 2024 9:23 PM Author: cruel-hearted immigrant
Too many losses in the markets, especially fixed income markets.
All insurance gets bundled together and reinsured and commoditized and traded around the world anyway.
These companies are typically very conservative and made bad bets in the bond markets. With rising interest rates they are getting wrecked, so the whole world pays. The key is to own nothing. Insure nothing. Insurance is such a fucking racket. I hate the world.
(http://www.autoadmit.com/thread.php?thread_id=5528606&forum_id=2Reputation#47662164) |
Date: May 14th, 2024 9:51 PM Author: exciting nibblets
It’s not really higher rates that are fucking up casualty players but the arrival of PE insurers stealing market share and raping on the reinsurance end.
The future of the industry is hybrid players who use the cash generation side of their insurance franchises to fund other businesses like PE/alts or wealth management franchises. If all you do is fling policies you are a dead duck.
(http://www.autoadmit.com/thread.php?thread_id=5528606&forum_id=2Reputation#47662232) |
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