Some insurance and reinsurance companies did very well financially out of "covid". Pandemic insurance anyone?
Health insurance companies in USA have been called out by the Trump administration for their role in increasing medical costs.
"Climate disasters", you need some insurance for that (odd how it has often been found that fires were started intentionally).
If you have some prior knowledge that a major event is going to occur, you would make sure you had insurance and maybe bet on the derivatives market to cover your losses and make a bit extra.
Let’s not kid ourselves about what happened in London. When the Lloyd’s market starts cancelling war-risk coverage on tankers, that kind of move doesn’t happen in a vacuum. You can bet 10 Downing Street knew exactly what was coming. The British establishment has always preferred financial choke points to military courage. Instead of confronting Iran’s terror regime, they quietly freeze global trade and let the markets do the dirty work. It’s classic British decline—risk avoidance dressed up as prudence. Meanwhile, President Donald Trump is actually confronting the threat head-on. If this continues, we may be entering a world where the old “Five Eyes” alliance is starting to crack apart.
As always, written succinctly and on point with a way to make it understandable. Thank you! Your writing skills and knowledge is very valuable and much appreciated.
Hard to say. But having done financial analysis for investment recommendations involving insurance companies in my prior life, I can say that the risks and systems described here are sufficient in themselves for risk to be repriced and insurance possibly be suspended. Even if temporarily. I’m heartened by the fact that the Trump administration recognizes the potential risk and is formulating ideas to address it before it becomes a problem that spooks markets far and wide. And gums up all the systems.
😏 From the Telegraph, “On Wednesday, Sir Keir said Mr Trump had no viable plan for Iran. He told MPs: “What I was not prepared to do on Saturday was for the UK to join a war unless I was satisfied there was a lawful basis and a viable, thought-through plan. That remains my position.” Starmer would be begging for Trump’s help if it wasn’t for his greed. He sold out his country to Islamofascists.
I am continuously stunned by the breadth of your knowledge, ability to present it so quickly, and in such a writing style that anyone can understand it.
So…once again you artfully connect a bunch of dots that no one else - NO ONE ELSE - bothers to recognize. Your curiosity and industry stun me almost daily.
Not just war ....
Some insurance and reinsurance companies did very well financially out of "covid". Pandemic insurance anyone?
Health insurance companies in USA have been called out by the Trump administration for their role in increasing medical costs.
"Climate disasters", you need some insurance for that (odd how it has often been found that fires were started intentionally).
If you have some prior knowledge that a major event is going to occur, you would make sure you had insurance and maybe bet on the derivatives market to cover your losses and make a bit extra.
Swiss Re and Berkshire Hathaway top global reinsurer rankings https://www.reinsurancene.ws/swiss-re-and-berkshire-hathaway-top-global-reinsurer-rankings/
Let’s not kid ourselves about what happened in London. When the Lloyd’s market starts cancelling war-risk coverage on tankers, that kind of move doesn’t happen in a vacuum. You can bet 10 Downing Street knew exactly what was coming. The British establishment has always preferred financial choke points to military courage. Instead of confronting Iran’s terror regime, they quietly freeze global trade and let the markets do the dirty work. It’s classic British decline—risk avoidance dressed up as prudence. Meanwhile, President Donald Trump is actually confronting the threat head-on. If this continues, we may be entering a world where the old “Five Eyes” alliance is starting to crack apart.
As always, written succinctly and on point with a way to make it understandable. Thank you! Your writing skills and knowledge is very valuable and much appreciated.
Briliant!
I know you were a tech guy, Alexander, but you deftly explain legal and economic matters as well.
Russian LNG ship just went up. We’ll see what happens. If Ukraine is involved it is going to make things a bigger mess.
I wonder if the British government leaned on Lloyd’s to refuse to insure, just to throw another wrench in the works?
Wouldn’t put it past them.
Hard to say. But having done financial analysis for investment recommendations involving insurance companies in my prior life, I can say that the risks and systems described here are sufficient in themselves for risk to be repriced and insurance possibly be suspended. Even if temporarily. I’m heartened by the fact that the Trump administration recognizes the potential risk and is formulating ideas to address it before it becomes a problem that spooks markets far and wide. And gums up all the systems.
Makes sense. Lloyd’s of London’s decision to cancel war-risk coverage of shipping insurance being used as a weapon of British imperial power.
Promethean Action had a interesting point on this:
https://youtu.be/SUK0OSEIdSs?si=OKzIwa43mygxL5am
😏 From the Telegraph, “On Wednesday, Sir Keir said Mr Trump had no viable plan for Iran. He told MPs: “What I was not prepared to do on Saturday was for the UK to join a war unless I was satisfied there was a lawful basis and a viable, thought-through plan. That remains my position.” Starmer would be begging for Trump’s help if it wasn’t for his greed. He sold out his country to Islamofascists.
I am continuously stunned by the breadth of your knowledge, ability to present it so quickly, and in such a writing style that anyone can understand it.
So…once again you artfully connect a bunch of dots that no one else - NO ONE ELSE - bothers to recognize. Your curiosity and industry stun me almost daily.
Beautiful and complete. Thanks 🙏