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am 02/05/2013 to 13:16
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Question-and-Answer SessionOperator Operator Instructions.
Our first question comes from Ryan Byrnes of Macquarie Research. Ryan Byrnes - Langen McAlenney Sorry that's Ryan Brynes from Langen McAlenney. Good morning everybody and congratulations on the strong results, John. It is a pretty strong way to leave on, but the press release didn't state there were any share repurchases in the quarter.
Is that a change of philosophy or just unnoted there? Brad Irick Hi, this is Brad Irick. No change in philosophy and 400,000 shares purchased during the quarter. Ryan Byrnes - Langen McAlenney And then quickly just with the reserve releases in the D&O book, I saw that there weren't any changes to the DFP book, but I want to know was it more international weighted versus US public book or how did that -- was there any breakdown there? And just want to see I guess how successfully thought you were in terms of raising retentions and I guess how you were able to -- what their overall retentions were for that book in the past year? Chris Williams Yeah, this is Chris Williams. We are about two-thirds of the way through the process. To give you some color on that, we are non-renewed about 30% of the book, we are averaging about a 50% increase in the deductibles, and we have been able to reduce the limits by 10%. So we will have more to update after the next quarter on that. Operator Thank you. Our next question comes from Michael Nannizzi of Goldman Sachs. Michael Nannizzi - Goldman Sac
 
am 02/05/2013 to 10:42
Linnie (Sternberg, Peru)
Punkte : 10/10

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