The Company markets and underwrites specialty insurance products and programs to a variety of niche markets and operates in three segments of the specialty insurance marketplace: the Excess and Surplus Lines, the Specialty Admitted and the London markets.
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Insurer led by master investor Gayner trading at price-to-book multiple well below the 2.0 multiple that the company usually enjoys. Conservative management has significant investments in two of my other favorite stocks in the current environment: Bershire Hathaway and GE. Gayner should be able to find bargains in the current market chaos that will position this stock to outperform.