Richard R. Whitt, III – Markel Corp. Insurtech space Sure. Couple; just quick examples. We, like a lot of people, are starting to look at the Insurtech space. And the State National, I think they are ideally situated to sort … Continued
Robert Berkley A ground swell of competition “Without a doubt there is a grown ground swell of competition. You can see it manifesting itself in a couple of difference ways. A couple of macro observations will be the standard markets, … Continued
Alan Schnitzer An active weather year “This has been an active weather year, with first half after-tax catastrophe losses of $488 million or 6 points on the combined ratio. To put that in some context, this was our highest level … Continued
David Einhorn – Chairman Seems less likely that the Rite Aid acquisition will see regulatory approval “Rite Aid was our biggest detractor during the quarter as the company’s proposed merger with Walgreens did not close as expected. We’ve trimmed our … Continued
Daniel Loeb – CEO of Third Point LLC We see the recovery continuing for the time being “we’re comfortable with US growth and European growth and even though it does – even though this recovery is long in the tooth, … Continued
Prem Watsa – Chairman and Chief Executive Officer Administration’s policies have the potential of significantly boosting economic growth “As I said at our annual meeting, and on our fourth quarter conference call, we believe the new US administration’s proposed policies … Continued
Thomas Gayner – Co-Chief Executive Officer Prices in this world are high “Prices in this world are high and there is a lot of capital sloshing around, trying to find deals. We will continue to focus on organic growth opportunities … Continued
Daniel Loeb Moved to financials and industrials after the election “The Third Point equity portfolio was down 3.1% on average exposure during the fourth quarter. We shifted exposures meaningfully following the election, decreasing exposure to TMT and consumer and ramping … Continued
Robert Berkeley There are some markets that are exceedingly attractive, reinsurance remains irrational “Having said that, there are some parts of the professional market that are exceedingly attractive and there are other parts where people need to be quite cautious. … Continued
The Travelers Companies’ (TRV) CEO Alan Schnitzer on Q4 2016 Results Cost of capital goes up if risk free rate and borrowing costs go higher “And so there are couples of things going on that could impact cost and capital. … Continued