Peter Streit Quotes

They're in commercial and personal lines insurance in the U.S. and also sell insurance to the energy industry through Lloyd's of London businesses, so they're heavily involved in this. - Peter Streit

The hurricane losses have highlighted the need to be a large, well-diversified company across many lines of business and across many territories with a capital base that is big enough to sustain losses. - Peter Streit

The company is on the road to recovery and they've done a lot to try to remove any hints of conflict of interest. But now that they've done away with contingent commissions, it remains to be seen if they will able to make close to the same level of profits under the new business model. - Peter Streit

Overall, we're happy with the level of underlying earnings in the third quarter... The prospect of future accounting restatements disappoints us, but it's likely most of them are out of the way. - Peter Streit

It's good to have this data because most insurance companies' investment dollars come from interest and dividends, which are usually fairly consistent quarter to quarter. Outside of that, we like to know what else they're earning on their investments and the biggest swing factor is usually partnership income. - Peter Streit

If each case gets its own limit, that could create more exposure. - Peter Streit

For AIG to break this out is nice... Although AIG isn't the first, hopefully more companies will provide this information in future. - Peter Streit

Chubb did much better than expected because of their great underwriting. They also benefited from a lack of catastrophic losses in the first quarter. - Peter Streit

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