Mount Logan Capital Inc N.MLC

Alternate Symbol(s): PYCFF

Financial Services

Mount Logan Capital Inc. is an alternative asset management and insurance solutions company. It is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly owned subsidiaries Mount Logan Management LLC (ML Management) and Ability Insurance Company (Ability), respectively. It also sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle. ML Management is registered as an investment adviser with the United States Securities and Exchange Commission. It is registered to act in an investment advisory role for clients in the United States. Ability's long-term care portfolio's morbidity risk has been largely re-insured to third parties, and Ability is no longer insuring or re-insuring new long-term care risk.

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Mount Logan Capital Inc

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Post by abner29on Jul 31, 2010 10:54am

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Post# 17312953

Palladium

Palladium Gains; Automakers Smile
Source: Commodity Online 07/30/2010

With a series of automakers announcing good sales and profits this week, palladium prices soared to new heights on Friday.

Palladium settled up $22.50, or 4.8%, at $491.20/oz. Both palladium and platinum (which also is higher) are used in making catalytic converters for cars.

The good news for palladium and platinum started from Nissan, which veered back into the black in its latest quarter as global car sales rebounded while its smaller rival Mitsubishi Motors Corp. narrowed its quarterly loss.

Yokohama-based Nissan, maker of the Leaf electric vehicle and the March compact, said its profit was $106.6bn yen (US$1.2bn) for the April–June quarter, the first of its fiscal year. It lost Y$16.5bn during the same period the previous year. Quarterly sales surged 35.3% to Y$2.050 trillion (US$23.6bn).

Other Japanese automakers are also expected to report rosier results as global sales recover—particularly in new markets, such as China and India. Strong China sales helped Mitsubishi narrow its loss for the April–June quarter to Y$11.8bn (US$135.6M).