21st Century Holding Firmly Rejects Homeowners Choice Buyout

October 29, 2009

  • October 29, 2009 at 12:12 pm
    George says:
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    Wall Street disagrees with 21st Century for some reason. Big drop in share price yesterday. No idea why, just an observation.

  • October 29, 2009 at 12:37 pm
    Melissa says:
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    Well it’s probably best not to have companies buy each other right now in this economy. The less merging the more competition and hence lower rates as a result, right?

  • October 29, 2009 at 12:45 pm
    Mr. Solvent says:
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    21st Century is going through a sort of reinvention right now. Management is very strong and I never write them off. That’s why I don’t think this deal ever made sense.

    I still believe homeowners will be their bread and butter with Federated National. They’ve been around since 1992 and their ratio of surplus to premium is very good. They’ve put the rate increases in and their growth strategy seems right. We’ll see what comes of it.

  • November 1, 2009 at 10:51 am
    JR says:
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    There are MANY Miami based carriers that believe they are better off than others. While HO Choice is a new carrier, its management is not new. I am glad the deal did not happen, maybe now they can go after a better carrier that will offer more for them than the bad reputation and claims fiasco’s that Fed Nat has. Just my observation



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