Stock buybacks are one of the most misunderstood areas of corporate finance. From anti-capitalism types who rant about how evil buybacks are to CEOs who do them because they think it “helps the stock” to investors who often think they’re more important than growing the company, most common views on Continue Reading
There Is No Magic In MGAs
I’ve been around the insurance business long enough to remember when MGA was a four letter word. It wasn’t as bad as it was thought then, but it’s also not as good as the regard it’s held in now. MGAs are flawed structures, but they do have some benefits. Just Continue Reading