nwoodman Posted November 13, 2014 Share Posted November 13, 2014 Short article on the pet insurance industry. Nice place for an insurer with a market cap of $10b to play in and hopefully way too small for that "other" company with a slightly larger market cap of $350b http://www.bloomberg.com/news/2014-11-13/dogs-loved-like-children-fuel-pet-insurance-sales.html "Makara is among so-called pet parents fueling a $600 million industry in North America that’s growing at triple the pace of U.S. accident-and-health coverage, drawing investment from companies including Toronto-based Fairfax Financial Holdings Ltd. (FFH) and Nationwide Mutual Insurance Co. Fairfax, run by value investor Prem Watsa, agreed this year to buy Pethealth Inc., North America’s second-largest pet insurer, for C$100 million ($88 million). The Oakville, Ontario-based firm provides pet pharmaceuticals, microchips for animal identification, and insurance that covers everything from behavioral therapy to a reward for the return of a runaway pet. “It’s a nascent industry and demographically it has legs, especially with the adoption of pets as family members,” Fairfax President Paul Rivett said in a telephone interview." Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now