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Re: walzy post# 54

Friday, 04/02/2010 9:51:15 PM

Friday, April 02, 2010 9:51:15 PM

Post# of 118
I have lost a lot of faith since I bought it. Canopius squandered the reserves in British Pound notes as the pound crumbled. This investment depended on Canopius to pull the syndicates into profitability, but they are paying off claims in US dollars while investing in the shrinking pound. Not good.

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