TWR - Tower Insurance.

[LJB]

Don't insurance companies have insurance for such events.

[duncan macgregor]

I would think that the least profitable companies up to this point will tend to be risk adverse reinsuring to the point where they tend to be over reinsured for events like this. The problem that I see is if one company goes under creating a domino crisis with other more conservative companies. There is a lot of money to come out of this sectors profits, it would be a brave investor who would dip in trying to bottom pick.
Macdunk

[whirly]

I would think that the least profitable companies up to this point will tend to be risk adverse reinsuring to the point where they tend to be over reinsured for events like this. The problem that I see is if one company goes under creating a domino crisis with other more conservative companies. There is a lot of money to come out of this sectors profits, it would be a brave investor who would dip in trying to bottom pick.
Macdunk

While Im usually a fairly conservative investor. Im comfortable with my 1.77 entry this morning. My first buy for weeks!

[CJ]

While Im usually a fairly conservative investor. Im comfortable with my 1.77 entry this morning. My first buy for weeks!

Good buying - why did you buy? As a long term hold and just taking advantage of a short term dip as an entry or as a specific short term gamble that the market had over reacted.

[duncan macgregor]

While Im usually a fairly conservative investor. Im comfortable with my 1.77 entry this morning. My first buy for weeks!

You got off to a good start WHIRLY with that one ,what about casting your eye over LPC which is fully operational but damage costing millions which is more than likely covered. Might be a good buy coming up when they start trading after the expected fall. Macdunk