PROS:.89 Capacity Ratio.1.3B surplus for Internation/Specialty (Re)Trades less than BV.High growth prospects. Merger creates synergy and Peleus adds high growth aspect to stable portion of business.CONS:Systematic Risk - mainly subprime issues. Can… More
Overpaid for PYRE at $5.17. PYRE fell from $25 because of its flawed risk models and its very high risk re-insurance contracts. It was an accident waiting to happen well before Katrina. Anytime they got wiped out, seemlying recapitalised by… More