Quote:
Originally Posted by kipperfan
Yes, but I wouldn't exactly feel comfortable being an Intact customer at this point. Sure you have all of the same "stuff" but you no longer have one of the worlds largest corporations standing behind that "stuff". I think alot of people were reassured being with ING in that it was such a big, financially solid company, especially being in times like these. But now the same cannot be said, the company no longer has the big name behind it, nor do the have the TV ad recognition (despite the fact the German dude worked for a different arm of the company).
Dollars to donuts they lose a fairly large (5-10%) amount of their market share in the coming year.
|
You would think on the surface.....ING isn't exactly on firm footing....
http://www.telegraph.co.uk/finance/b...n-bailout.html
I think if I were a customer of ING/Intact I would feel better being Intact than having ING back them. Intact is just that and have started with a clean slate. It is about the worst name I think they could have choosen but ironically it applies here....Terrible logo BTW......see :
http://www.intactinsurance.com/en/index.html
As for the stock I wouldn't buy either company as they don't ever go up like the premiums....