I don’t know about that but if you saw what cincinatti did today then you know that they’re cleaning up their financial statements for sale. It is coming.
Hey MARKET WATCHER. In the past several months you predicted for us 2-3 major acquisitions and we’ve had AmComp, Unitrin, SAFECO, and now Philadelphia. Is this it? Are we done? Also, you predicted that QBE was looking at an East Coast company. Did they lose out on Philadelphia? Who is next? Is Cincy sold soon? Or will Hanover go first?
You’re watching too. And yes, there are likely 2 more to come before the end of the year. I don’t consider the Unitrin or AmComp deals to be big. Philadelphia is one that I was watching, and suspect that QBE was a looker. I’m pretty sure that they still want to make a bigger splash in the US and I hear that their strategies are all on track. China could also be a buyer in the US insurance market soon. I still believe that CNA, Selective, Harleysville, and possibly one of the Iowa stock companies are all in play. The jury is out on Cincinnati – but yes, what they are doing to fix their financials is either in response to AM Best getting ready to drop their rating considerably, or in preparation for sale.
Posted in Bloomberg an article quoting Robert Farnam about acquisitions. He predicted the Philadelphia takeover almost 2 months ago. He says that this is just the tip of the iceburg, with money from outside the US being most active. Though he did not mention many of the names we see in this blog, and he seemed more focused on auto & home insurers. I will say that I’m stunned that Tisch family won’t sell CNA. What good is that horrible company to them, unless it exists for a huge write-off?
People please buy companies to get rid of them, or to blow them up like Liberty Mutual does. do not just take them over like Tokio will do with Philadelphia. that doesn’t take a player off the street. we have too many. hopefully the buyers for cincy and harleysville are takeovers, and they go goodbye.
I don’t know about that but if you saw what cincinatti did today then you know that they’re cleaning up their financial statements for sale. It is coming.
Hey MARKET WATCHER. In the past several months you predicted for us 2-3 major acquisitions and we’ve had AmComp, Unitrin, SAFECO, and now Philadelphia. Is this it? Are we done? Also, you predicted that QBE was looking at an East Coast company. Did they lose out on Philadelphia? Who is next? Is Cincy sold soon? Or will Hanover go first?
You’re watching too. And yes, there are likely 2 more to come before the end of the year. I don’t consider the Unitrin or AmComp deals to be big. Philadelphia is one that I was watching, and suspect that QBE was a looker. I’m pretty sure that they still want to make a bigger splash in the US and I hear that their strategies are all on track. China could also be a buyer in the US insurance market soon. I still believe that CNA, Selective, Harleysville, and possibly one of the Iowa stock companies are all in play. The jury is out on Cincinnati – but yes, what they are doing to fix their financials is either in response to AM Best getting ready to drop their rating considerably, or in preparation for sale.
Posted in Bloomberg an article quoting Robert Farnam about acquisitions. He predicted the Philadelphia takeover almost 2 months ago. He says that this is just the tip of the iceburg, with money from outside the US being most active. Though he did not mention many of the names we see in this blog, and he seemed more focused on auto & home insurers. I will say that I’m stunned that Tisch family won’t sell CNA. What good is that horrible company to them, unless it exists for a huge write-off?
People please buy companies to get rid of them, or to blow them up like Liberty Mutual does. do not just take them over like Tokio will do with Philadelphia. that doesn’t take a player off the street. we have too many. hopefully the buyers for cincy and harleysville are takeovers, and they go goodbye.
Prediction: Cincy and Hanover both off the street, and part of somebody bigger within 60 days.