Subject: OT: MKL getting whacked
I know there are a few MKL folk hanging out here.

Down 10% this morning as I type. My best guess is Mr. Market did not like seeing a 106 combined ratio in Q4. This on the heels of recurring soft performance from their insurance division for a while now. Pretty uncharacteristic historically.

Hope Ajit and his team have somewhat better news for Q4. Doesn't seem to be alot of forgiveness out there.

There is a MKL Shrew'd board if anyone wants to take the discussion over there.

Cheers everyone!

m