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    Michael Galantino

    Research Analyst at Boenning & Scattergood

    Michael Galantino is the former Managing Director at Boenning & Scattergood, where he specialized in equity research and advisory services, notably covering companies such as Fundamental Global. Over a career spanning more than four decades, he has held leadership roles at firms including Philadelphia Partners Capital Management, Cv Brokerage, and later served as President of Chapin Davis, Inc. Galantino was with Boenning & Scattergood from January 2007 until March 2018, after which he transitioned to Chapin Davis. He is a FINRA-registered representative with extensive securities licenses, recognized for guiding clients and actively participating in corporate earnings calls, demonstrating a commitment to insightful research and client advocacy.

    Michael Galantino's questions to FGF leadership

    Michael Galantino's questions to 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.

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