No. of Recommendations: 5
'Didn't Ajit write a big reinsurance policy for Florida, hoping/thinking there would not be a big storm in Florida this year?
Not sure that was the greatest idea.'
Ajit is so disciplined and has made us dozens of billions over the years with his mind and assessment of risk, combined with WEB's judgement. This decision may not work out, but I for one will not 2nd guess Ajit. I recall WEB took all of a minute to say 'Go for it' when Ajit called and felt the pricing became more favorable.
