Then you dont understand the reinsurance business where the agreements can be very tricky and flawed without the proper actuarial evaluation. There is a reason why reinsurance players are trading at discount of book value to insurers in the region. The report mentioned that MNRB slipped way below RM3.00 back in FY12 when that happened, so the market understand how to evaluate the cat claims for a reason. And do you think the major shareholders pared down their stake (forgoing the fat dividends in FY13) for no reason ?
Stock: [MNRB]: MNRB HOLDINGS BHD
2013-11-30 00:53 | Report Abuse
Then you dont understand the reinsurance business where the agreements can be very tricky and flawed without the proper actuarial evaluation. There is a reason why reinsurance players are trading at discount of book value to insurers in the region. The report mentioned that MNRB slipped way below RM3.00 back in FY12 when that happened, so the market understand how to evaluate the cat claims for a reason. And do you think the major shareholders pared down their stake (forgoing the fat dividends in FY13) for no reason ?