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related topics |
{loss, insurance, financial} |
{financial, litigation, operation} |
{operation, international, foreign} |
{regulation, change, law} |
{tax, income, asset} |
{condition, economic, financial} |
{debt, indebtedness, cash} |
{competitive, industry, competition} |
{capital, credit, financial} |
{provision, law, control} |
{system, service, information} |
{interest, director, officer} |
{product, liability, claim} |
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Cautionary Note Concerning Forward-Looking Statements
Uncertainty related to estimated losses and unanticipated losses from catastrophic events may materially and negatively impact our business and results of operations
Emerging claim and coverage issues could adversely affect our business.
Since we rely on a few reinsurance brokers for a large percentage of our business, loss of business provided by these brokers could reduce our premium volume and net income.
We are exposed to credit risk relating to our reinsurance brokers and cedants and other counterparties.
If we are downgraded by rating agencies, our standing with brokers and customers could be negatively impacted and our premiums and earnings could decrease.
The exposure of our investments to interest rate, credit and market risks may limit our net investment income and net income.
Foreign currency fluctuations may reduce our operating results and our capital levels.
Our credit and International Swap Dealers Association (ISDA) agreements may limit our financial and operational flexibility which may affect our ability to conduct our business.
If our non-U.S. operations become subject to U.S. taxation, our net income and cash flows will decrease.
We are a holding company and, if our subsidiaries do not make dividend and other payments to us, we may not be able to pay dividends or make payments on our debt securities and other obligations.
We have imposed various limitations on voting and ownership of our shares, which will limit the ability of investors to acquire more than a certain percentage of our voting shares. The anti-takeover provisions in our bye-laws may discourage takeover attempts.
Investors may encounter difficulties in service of process and enforcement of judgments against us in the United States.
Operational risks, including human or systems failures, are inherent in our business.
Our profitability is affected by the cyclical nature of the reinsurance industry.
We operate in a highly competitive environment.
Political, regulatory and industry initiatives could adversely affect our business.
Changes in current accounting practices and future pronouncements may materially impact our reported financial results.
Current legal and regulatory activities relating to the insurance industry, including investigations into contingent commission arrangements and certain finite risk or non-traditional insurance products could affect our business and our industry.
Regulatory constraints may restrict our ability to operate our business.
Full 10-K form ▸
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