Found this article last month on CNBC. This is from a recent article on Japanese interest in American insurance firms. The stock is off this morning but something is going on.
Japan's insurers are seeking targets with market capitalizations between $2 billion and $5 billion, big enough to provide a meaningful effect to their bottom line but not so big as to risk blowing it up.
Targets in the U.S. property and casualty insurance sector around that price range could include Minnesota-based OneBeacon Insurance Group Ltd ; Morristown, New Jersey-based ProSight Specialty Insurance Group Inc; and Bermuda-based James River Group Holdings Ltd, investment banking and industry sources said.
OneBeacon declined to comment, while James River and ProSight spokespeople did not respond to requests for comment.
Probably just rumors on Tuesday. Good luck.
We have given Turdman and Lurch everything they needed to run the company. A cheaper (and less talented) labor force, sold all the dredges of the old company,laid off thousands of talented people,. Now he has the specialty company he wanted. Even Malfart will have to agree that perhaps it is time for new management.