2008 showed that for global P&C (re)insurers, the performance of the investment markets and the values of the vast quantity of assets they have tied up in them can be more important than what Mother Nature can throw at their combined ratios.
For (re)insurers investment largely means government bonds in general and US Treasuries in particular - so when top (re)insurer and legendary investor Warren Buffett warns of a US Treasury 'bubble' we should all pay close attention.
"When the...
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