Market downturn could help insurer Definity in its quest for acquisitions

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 92%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Definity closed Canada’s largest initial public offering of 2021 when it sold about $1.6-billion worth of shares on the public market last fall. Its CEO has been on a quest for acquisitions since then

chief executive Rowan Saunders, who has been on a quest for acquisitions since the property and casualty insurer went public in November.

The IPO market has seen a number of lacklustre debuts over the past year, particularly in the technology sector, where there has been a massive sell-off of stocks in recent months. Joining the composite index will give Definity a new pool of investors. The fate of those newcomers’ bets on the company may depend partly upon Mr. Saunders’s ability to grow his market share by making acquisition deals, despite market conditions.

Definity had more than $7.5-billion in assets as of March 31, and is currently the seventh-largest P&C insurer in Canada. It is the parent company of Economical Insurance Co., Family Insurance Solutions Inc., Petline Insurance Co. and Sonnet Insurance Co., a fully digital insurance platform that sells directly to consumers.

rate of the industry in Canada, and a number he said Definity has been exceeding over the past several quarters.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 5. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

How the crypto market came crashing downAs the cryptocurrency market continues to come crashing down, experts say it underscores a need for stronger consumer protection. CTV is corporate propaganda I don't care if it goes down 100% anyone who is into crypto is a genius millionaire investor and so much smarter than everyone else
แหล่ง: CTVNews - 🏆 1. / 99 อ่านเพิ่มเติม »

Rose Apothecary building from ‘Schitt’s Creek’ hit TV series is on the market for $2.35 millionThe landmark building at 299 Regional Highway 47 is “full of history, even before being featured on a popular Canadian TV series,” the property listing reads.
แหล่ง: TorontoStar - 🏆 60. / 55 อ่านเพิ่มเติม »

Five daily affirmations to get investors through this latest bear marketA positive attitude leads to a positive outcome, writes Peter Hodson. Here are some affirmations to help investors look on the bright side. LOL
แหล่ง: nationalpost - 🏆 10. / 80 อ่านเพิ่มเติม »

Five daily affirmations to get investors through this latest bear marketA positive attitude leads to a positive outcome, writes Peter Hodson. Here are some affirmations to help investors look on the bright side.
แหล่ง: VancouverSun - 🏆 49. / 61 อ่านเพิ่มเติม »

Opinion | We are now firmly in the claws of a bear market. The government must prepare people for hardshipIt’s crucial for the government to convey the danger of our economic reality, nudge behaviour where it can and manage expectations around loss.
แหล่ง: natnewswatch - 🏆 58. / 59 อ่านเพิ่มเติม »