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Bullboard - Stock Discussion Forum 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... see more

TSX:LBS - Post Discussion

Life & Banc Split Corp > Another article from Globe and Mail
View:
Post by mouserman on Aug 23, 2023 8:35am

Another article from Globe and Mail

Altho 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.

Comment by marcrobert on Aug 23, 2023 10:18am
sounds like they're talking about P&C not lifecos
Comment by navgod on Aug 23, 2023 10:32am
  exactly  -- also while MFL and SL are global life insurance companies they are not reinsurance companies which is what this article references.
Comment by marcrobert on Aug 23, 2023 1:04pm
Munich Re Zurich Re Bershire are global reinsurers   
Comment by mouserman on Aug 23, 2023 5:18pm
It is not saying MFC and SLF are reinsurers, but it does say they could buy the reinsurance from some of those companies.  MFC and SLF are Canadian insurers..... they are certainly not just life insurance companies. IAG for sure has some  exposure to weather related  and property damage... as I found their M, D and A mentioning that  fact , as it will likely affect profits ...more  
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