Financial 15 Split Corp T.FTN

FTN UNIT NAV TO AUG 18 = approx: $16.68

[mouserman]

SO FTN ended the week down about 20 cents since the AUG 15 update. A big part of those losses came from the CAD lifecos in the fund. Fires burning up homes and property in Canada, with more evacuations coming every day, have investors running scared from the lifecos exposure.
FTN commons closed at 8.77, up a penny and so the premium has jumped to $2.09  or about  31.2 % before distributions. I noted that BK had a big down day, so obviously many getting out of other split funds opted for FTN with the higher yielding payout.

[Eoj123]

I could be wrong but a quick look through Manulife, Sun Life, Great West, it doesn't appear they cover property. But I could be wrong 

[navgod]

You are not wrong -- if worries about fire claims are the reason for Cdn life sell off then we should be buy with both hands. GLTA

[TheeRook]

Do not what their exposure is . But in general all insurers are hit when a major disaster occurs. Insurers face up to $3-billion in claims from Maui wildfire, RBC estimates https://www.theglobeandmail.com/business/article-insurers-face-up-to-3-billion-in-claims-from-maui-wildfire-rbc/

[TheeRook]

“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

[navgod]

Even Life Insurance cos? Any Examples?

[oldbrit34]

Whilst not offering policies they are most likely into reinsurance of such properties and therefore will be seriously affected.

[rixpix]

I think Lifecos will continue to fall next week while Can banks should stabilize and some will go higher. 

[Intellectual]

That will depend upon the earnings releases starting on Wednesday. With the banks having retreated to such a degree, I'm hopeful a lot of negative news has already been baked in.

[CountryBoy69]

Convenient how you forgot about the USA portion as usual , knocked my suggestion on Quadravest taking a more shorterm hands on approach and ignored the fact that Mousermans posts confirm its validity. But that's alright , the group with thin skins , hurt feelings and loving to stalk aren't posting much anymore. The Mouse's daily reports have shoved a sock in those big Boobs.I still