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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (55388)5/31/2015 8:40:43 PM
From: Spekulatius2 Recommendations

Recommended By
E_K_S
Jurgis Bekepuris

  Read Replies (2) of 78751
 
re BWINB - we can only rate the risk in BWINB's insurance book based on past performance. There certainly is risk, as is evident from the 2011 results. We know that BWINB is rated A+ by AM best and that they have been over reserving for almost consecutive 30 years now. Since there is no debt and BWINB is small, the rating agencies will not rate them.
An acquirer would probably take some cost out of the operation and could take some excess capital out to pay for the acquisition cost. I think there is a possibility for an acquisition if the current management decides to call it quits.
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