Replies to post #9642 on Trenwick Group, Ltd.(fka TWKGQ)

[Dondoodit]

Not necessarily. The difficulty is that the liabilities upon which the assets are contingent require an extended period of time before they are fully known. Keep in mind that the claims reserves that are posted on the balance sheet are nothing more than estimates (very educated estimates, based on actuarial/statistical calculations, but estimates nonetheless). The Trainwreck wrote mostly liability reinsurance and the liability claims such as workers compensation, products liability and medical malpractice, can take years to run off. LaSalle wrote virtually all of its business in the property insurance markets, much of it catastrophe coverages for events like hurricanes, and these claims are paid much quicker than liability claims.