Swiss Re has benefited from its well-diversified business to absorb an unparalleled sequence of exceptionally large natural catastrophe events.

We will try to see what we can offer the GE people, not all will have a position. Some will take on jobs occupied by Swiss Re people at present.

The climate pattern is worsening and sea temperatures ?n tropical areas has risen, increasing the risk of high winds.

I think what attracted hedge funds (to the reinsurance business) was that these are random events that don't correlate to bond markets and stocks, and you get certainty pretty quickly. You either have the loss or you don't.

Our business, like many others, has been impacted by the recent unprecedented events, which served to compound the softening of our business following July's anniversary sale.

Austin has been in the business about 18 years and he was on top for four. I wrestled main events for 25 years. I could pull my dick out and I might be on top for four years - it's called 'cheap heat.' Somebody who stays on top 25 years has to have more than that. It has to be in your spirit.