They need cash people. they need cash. This is just one step to keep their head above water. Watch for pers lines rate increases big-time from WB coming soon. Storms in midwest have pounded that tin roof.
And they still have all of those return prems hitting the books, and the loss tail doesn’t go away.
Donegal Group doesn’t make this deal if it isn’t sweet for them. And WB just isn’t all that smart. Look at their books, the reduction in AM Best rating, and their contracting problems. It’s a mess.
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They need cash people. they need cash. This is just one step to keep their head above water. Watch for pers lines rate increases big-time from WB coming soon. Storms in midwest have pounded that tin roof.
And they still have all of those return prems hitting the books, and the loss tail doesn’t go away.
Donegal Group doesn’t make this deal if it isn’t sweet for them. And WB just isn’t all that smart. Look at their books, the reduction in AM Best rating, and their contracting problems. It’s a mess.