This DOG will be sold because WTM is too smart to let it go into liquidation and get nothing for it.
Look for the continued dismantling of what was once a great company... ruined by Actuaries who are 2nd rate; Underwriters who are afraid of risk, and a management team that already cashed in and works about 10 hours a week.
Sad the way this crew has ruined what was a great American enterprise.
I do not understand it. OB was a major player - and a very old established company in the CU days- White mountain took it over and cut it up and now its junk. Losing money. White mountains really messed it up and maybe they will sell it for scrap to the junk yard. But I do not see any trend but down so why would these rumors be true?
Its losing money for many reasons. Too many wholes to explain but investments poorly managed IMO and poor pricing on core lines. I could not buy insurance from them.