Reinsurance companies have been very attractive capital investments. Warren Buffet controls General RE and uses it to manage a large portion of his investments. Investors can use reinsurance companies as contrarian investments. I am working with a relatively new company in Bermuda called Axis Re. It was started after 9-11-2001 when many investors were afraid of terrorism claims. It is now very effective. Thus, the reinsurance market is highly capitalized and very competitive.