LONDON — Equitas Holdings Ltd., the reinsurer set up by Lloyd's of London, said Friday that Warren Buffett's Berkshire Hathaway Inc. agreed to take on its liabilities and inject an extra $7 billion in reinsurance cover.
Omaha, Nebraska-based Berkshire Hathaway will take on the staff and operations of Equitas, the two companies said in a joint statement.
Equitas was formed to reinsure and run-off the 1992 and prior years' non-life liabilities of the so-called Names, or underwriters, at Lloyd's of London. Equitas actively manages the non-life liabilities arising from policies written by Lloyd's syndicates in 1992 and preceding years.
"This agreement with one of the world's largest insurance groups will transform the outlook for Equitas and for reinsured Names," Equitas Chairman Hugh Stevenson said in a statement. The "extra cover will dramatically improve the financial position of Equitas."
Lloyd's of London, the world's biggest insurance market, is a society of corporate underwriters and wealthy individuals that make insurance transactions through 44 managing agents and 62 syndicates. Its investors, known as Names, come together to spread risk.
Remember when they said second richest person.
Did they mean warren Buffet?? That would be nice...
Posts: 6410 | Registered: Jul 2006
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Moreover, CSHD intends to set up a captive insurance operation through its’ insurance liaison with Lloyds affiliations, who are members of the CSHD team.
Lloyd's of London, said Friday that Warren Buffett's Berkshire Hathaway Inc. agreed to take on its liabilities and inject an extra $7 billion in reinsurance cover.
I'm not sure. It popped up the sametime the stock started to run. I haven't been able to confirm that the company set it up.
Posts: 459 | Registered: Mar 2006
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The "WHOIS" of the site POC is through a privacy registrar which leans a little towards me as someone doing it to keep themselves anonymous while carrying out a particular motive.
Registrant Contact: WhoisGuard WhoisGuard Protected (89b743f67d454d6f863afd4b924f215b.protect*whoisguard.com) +1.6613102107 Fax: +1.6613102107 8939 S. Sepulveda Blvd 8939 S. Sepulveda Blvd Westchester, CA 90045 US
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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Only reason being on the site they include no logos that CSHD has been known to use...and they include no links to the actual www.cvsu.us website...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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"The Company's plan of operations for the remainder of 2006 is to raise capital against its asset base and develop its’ role in the niche market for securities offerings using asset based funding techniques."
Isn't this what Rufus does?!!...
"Lloyd's of London, said Friday that Warren Buffett's Berkshire Hathaway Inc. agreed to take on its liabilities and inject an extra $7 billion in reinsurance cover."
I think this needs to be checked out more, I mean Rufus does have (among other things) a $5 Billion Euro bond..........
The "WHOIS" of the site POC is through a privacy registrar which leans a little towards me as someone doing it to keep themselves anonymous while carrying out a particular motive.
Registrant Contact: WhoisGuard WhoisGuard Protected (89b743f67d454d6f863afd4b924f215b.protect*whoisguard.com) +1.6613102107 Fax: +1.6613102107 8939 S. Sepulveda Blvd 8939 S. Sepulveda Blvd Westchester, CA 90045 US
Interesting how they state "no bashers allowed" on the site.
The "WHOIS" of the site POC is through a privacy registrar which leans a little towards me as someone doing it to keep themselves anonymous while carrying out a particular motive.
Registrant Contact: WhoisGuard WhoisGuard Protected (89b743f67d454d6f863afd4b924f215b.protect*whoisguard.com) +1.6613102107 Fax: +1.6613102107 8939 S. Sepulveda Blvd 8939 S. Sepulveda Blvd Westchester, CA 90045 US
look up jsinfo.net and theres something with cshd.net
Posts: 209 | From: New Orleans | Registered: Feb 2006
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
The only problem St. Matt is that Mitch is bogged down too & it looks like he's 2 weeks behind on emails so we probably wouldn't get a response for 2 weeks...
quote:Originally posted by St. Matthew:
quote:Originally posted by Jenna: That's weird I just got an email from Mitch... I sent him an email the 1st night the list came out because I thought my name wasn't on the list but it is. But I followed up with another email immediately stating that I was on the list---wow he must be super busy!!! That was like 2 or 3 weeks!
Send him an e-mail back. In a very nice and professional way, inform him of your recent conversation with Sabra. Show compassion, but remind him that you and your dad are shareholders. Ask him if the "no comment" statements should be viewed in a positive light or a negative light as was your general feeling upon hanging up the phone. Show compassion for their positions in this as well...
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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"The Company's plan of operations for the remainder of 2006 is to raise capital against its asset base and develop its’ role in the niche market for securities offerings using asset based funding techniques."
Isn't this what Rufus does?!!...
"Lloyd's of London, said Friday that Warren Buffett's Berkshire Hathaway Inc. agreed to take on its liabilities and inject an extra $7 billion in reinsurance cover."
I think this needs to be checked out more, I mean Rufus does have (among other things) a $5 Billion Euro bond..........
Hmmmmm...
and right now, isn't the bond total at $7.3 billion?
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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quote:Originally posted by Chartwalker: From our 10k
Moreover, CSHD intends to set up a captive insurance operation through its’ insurance liaison with Lloyds affiliations, who are members of the CSHD team.
Lloyd's of London, said Friday that Warren Buffett's Berkshire Hathaway Inc. agreed to take on its liabilities and inject an extra $7 billion in reinsurance cover.
connection?... Looks like it to me!
Got some homework tonight!!!
I think two terms in there are key - one is "Lloyd's affiliations" which could easily be Warren Buffet and/or BRK/A and the second is the 7 billion number. Of all the numbers, they recently agreed to reinsure that one?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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