Singapore Reinsurance

[ACTIVIST SPEAKS]

Mitsui Sumitomo bought First Capital Insurance from Fairfax for 1.6 billion.  The deal was expected to be wrapped up in early 2018.  The sale of 19% of Singapore Reinsurance by First Capital Insurance was perhaps a pre-condition or a decision made by Mitsui Sumitomo.  In a way, Fairfax has already cashed out of Singapore Re......so  the interesting thing left is .....who is the buyer of this 19% and what are they going to do to this grossly undervalued and conservative reinsurer.