Michael Galantino's questions to Fundamental Global (FGF) leadership • Q4 2017
Question
Mike Galantino of Boenning & Scattergood asked if the company sees opportunities to acquire policies at a low cost from other insurers leaving the Florida market, similar to its Citizens depopulation deal, and whether this strategy could be expanded to Texas and Louisiana.
Answer
President and CEO Douglas Raucy confirmed that the company sees significant opportunities to acquire policies in bulk, particularly in Florida, due to market disruption from M&A activity. He stated this strategy is also being applied in Texas, where competitors pulling back has created growth opportunities. Raucy noted that Louisiana is a more competitive and less disrupted market, making such opportunities less likely there.