Originally Posted by
Poet
No announcement needed. tower has a max liability of $20m for large events - after that re-insurance kicks in, they have already reported around $18.9m large events at HY so, yes, they have probably now run over their large event cap. Still forecasting $21-$25 NPAT. So given a $250M market cap, no debt, $70 mill cash, what's not to love.
Insurance companies are ticket-clippers, not risk takers, so the more disasters and consequent claims, the more profitable they will be (over the long run,of course).
Little Miss Sunshine (aka bull****) is just pulling your chain