This stock is an insurance company that specialises in certain areas of the insurance market, such as property, accidents, shipping and energy. It also makes money selling reinsurance (insuring other companies’ insurance policies).
At first glance, these companies can be rather off-putting to the private investor. Their accounts are full of jargon that could have you reaching for the dictionary every five minutes.
However, as with lots of things, a little goes a long way. In essence, this stock is just like any other insurance company. It makes money if the insurance premiums it takes in are more than it [...]
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