Comments on: Beat, but not Beaten http://alephblog.com/2007/03/23/beat-but-not-beaten/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Wed, 17 Mar 2010 21:28:31 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: David Merkel http://alephblog.com/2007/03/23/beat-but-not-beaten/comment-page-1/#comment-244 David Merkel Wed, 28 Mar 2007 11:42:22 +0000 http://alephblog.com/?p=61#comment-244 Have you met him? He's a friendly fellow, and bright also. His predecessor, Kerry Clayton, was also an able CEO. But when you meet the second line management, you get impressed with Assurant again. I wish the insurance companies that I worked for did 25% as much in training future leaders. There's a lot of bench strength there, and I'm not worried about future leadership transitions. <P/> Long AIZ Have you met him? He’s a friendly fellow, and bright also. His predecessor, Kerry Clayton, was also an able CEO.

But when you meet the second line management, you get impressed with Assurant again. I wish the insurance companies that I worked for did 25% as much in training future leaders. There’s a lot of bench strength there, and I’m not worried about future leadership transitions.

Long AIZ

]]> By: bill trabold http://alephblog.com/2007/03/23/beat-but-not-beaten/comment-page-1/#comment-242 bill trabold Wed, 28 Mar 2007 04:12:35 +0000 http://alephblog.com/?p=61#comment-242 Easy to understand---Assurant has an out standing CEO_Robert Pollock Easy to understand—Assurant has an out standing CEO_Robert Pollock

]]> By: David Merkel http://alephblog.com/2007/03/23/beat-but-not-beaten/comment-page-1/#comment-239 David Merkel Tue, 27 Mar 2007 17:35:07 +0000 http://alephblog.com/?p=61#comment-239 We've owned it for clients since the IPO, and have added since. We sold a little because the position got too big. The trouble with Assurant is that it is hard to understand. Of the 15 analysts covering it, 6 are life analysts, 6 are P&C analysts, and 3 are health analysts. What's worse is that most of their coverages are abnormal; they only do niche products, so doing competitive analyses is tough. <P/> Rumor is that Buffett got an opportunity to buy AIZ before it went public, and he passed because it was too complex. Pity for him. Assurant would have made a great fit inside Berky. <P/> Long AIZ We’ve owned it for clients since the IPO, and have added since. We sold a little because the position got too big. The trouble with Assurant is that it is hard to understand. Of the 15 analysts covering it, 6 are life analysts, 6 are P&C analysts, and 3 are health analysts. What’s worse is that most of their coverages are abnormal; they only do niche products, so doing competitive analyses is tough.

Rumor is that Buffett got an opportunity to buy AIZ before it went public, and he passed because it was too complex. Pity for him. Assurant would have made a great fit inside Berky.

Long AIZ

]]> By: Gern http://alephblog.com/2007/03/23/beat-but-not-beaten/comment-page-1/#comment-238 Gern Tue, 27 Mar 2007 15:03:32 +0000 http://alephblog.com/?p=61#comment-238 I've been loading up on AIZ since it was in the mid 30's. It's nice to see someone finally taking note of this outstanding company. I’ve been loading up on AIZ since it was in the mid 30’s. It’s nice to see someone finally taking note of this outstanding company.

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