- Progressive Corporation (The) (PGR)
- Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH)
- Intact Financial Corporation (IFC)
- Arch Capital Group Ltd. (ACGL)
Q: In January, you compared FFH to BN/BAM, saying, "If rates fall it may be able to make more deals, AND, its assets owned already may increase in value further." Do you still hold to this glass-half-full outlook, or should we be concerned that the (dominant) insurance side of FFH's business will be penalized for a lowered outlook?