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Kingsway Financial Services Inc. Message Board

  • actuaryinhiding actuaryinhiding Feb 18, 2009 11:51 PM Flag

    Lighten Up Noodle Boy...

    Hey, easy there, Mr. McCartoon-Fergie expert!

    Since LGIC is domiciled in PA, they can shut it down whenever they like. Not like there's much left there anyways, all the Commercial business has been floating out the door since they went below A- more than a year ago.

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    • You can't blame the MGA's. They only do what they are told.

      Upper management said "we have a minimum annual expectation for production of $25 Million. If you don't do it, we'll get someone who will.

      The MGA's merely followed orders.

      Of course Kingsway management never thought to check on what they were doing to guide this situation for YEArs.

      LGIC is toast.

    • You're absolutely right. Why cry over spilled milk.

      A.M. Best put all of the Kingsway companies under review on 02/13. Kingsway is presently trading at .2X of book. Would you believe their market cap was more that $700 million U.S. at this time last year?

      We'll see what happens tomorrow when their 4Q results are released along with their full year results. I have heard it's going to be ugly.

4.806+0.206(+4.48%)Nov 27 12:53 PMEST