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Life & Banc Split Corp T.LBS

Alternate Symbol(s):  LFBCF | T.LBS.PR.A

Life & Banc Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objective is to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for growth in Net Asset Value per Class A share. To achieve these objectives, the Fund invests in a portfolio comprised of common shares of approximately six Canadian banks and four publicly traded Canadian life insurance companies. The Fund also writes covered call options and cash-covered put options in respect of the portfolio to generate additional distributable income for the Fund and/or to reduce the volatility of the Fund. The Fund's investment manager is Brompton Funds Limited.


TSX:LBS - Post by User

Post by mousermanon Aug 23, 2023 8:35am
166 Views
Post# 35601379

Another article from Globe and Mail

Another article from Globe and MailAltho it doesnt mention companies or any numbers...
MFC for sure is one of the global insurers.....as is SLF

As well, he added, there is unlikely to be any significant direct impact to Canadian insurers from the Hawaiian wildfires, “as much of the loss reported will be covered by reinsurers.” (Reinsurers are typically global companies that take on some of the risk and provide financial protection to insurance companies.)

“As reinsurers are global, Canadian insurers who purchase reinsurance from these providers could eventually be impacted, depending on the reinsurers’ exposure to this event and others worldwide,” Mr. de Pruis added.

Nadja Dreff, head of insurance services in Canada for DBRS Morningstar, said as the number of extreme-weather events and natural catastrophes increase around the globe, the entire insurance industry will begin to feel an impact.

For example, reinsurers could start to raise their fees for insurance companies to continue to provide coverage to high-risk regions.

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