Cargo insurance
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A handful of parent companies control America’s trucking insurance market
Yahoo Finance· 2026-02-24 12:57
Great West Casualty Company has been a subsidiary of Old Republic International Corporation since 1985. Old Republic is a Fortune 500 holding company with subsidiaries dating back to 1887. Great West’s commercial auto, cargo, inland marine, and workers’ compensation policies are underwritten and issued by Old Republic Insurance Company. The name on the certificate says Great West. The money comes from Old Republic.Northland Insurance is a division of Travelers Companies, a Dow 30 component and one of the la ...
Envestnet Asset Management Inc. Grows Position in Expeditors International of Washington, Inc. $EXPD
Defense World· 2026-02-07 08:32
Core Insights - Envestnet Asset Management Inc. increased its stake in Expeditors International of Washington by 6.7% in Q3, owning 993,697 shares valued at $121.82 million [2] - Several institutional investors have also increased their holdings in Expeditors, with First Eagle Investment Management raising its position by 17.1% to 6,279,825 shares worth $717.47 million [3] - Analysts have set new price targets for Expeditors, with Truist Financial raising its target from $130 to $160 and UBS Group upgrading its rating from "neutral" to "buy" with a target of $166 [4] Institutional Ownership - Hedge funds and institutional investors collectively own 94.02% of Expeditors International's stock, indicating strong institutional interest [3] - Notable increases in holdings include First Trust Advisors LP (up 19.3% to 2,077,347 shares valued at $237.34 million) and Baird Financial Group Inc. (up 5.0% to 1,937,324 shares valued at $221.34 million) [3] Stock Performance - Expeditors International's stock opened at $165.17, with a market cap of $22.14 billion, a PE ratio of 28.88, and a 12-month high of $167.19 [5] - The stock has a 50-day moving average of $155.60 and a 200-day moving average of $134.99, indicating recent upward momentum [5] Company Overview - Expeditors International of Washington is a global logistics and freight forwarding company based in Seattle, specializing in tailored supply chain solutions across air, ocean, and ground transportation [6] - The company's core services include customs brokerage, cargo insurance, distribution and warehousing, vendor consolidation, and inventory management [7]
DUAL Europe names new leaders for transactional liability insurance
Yahoo Finance· 2025-12-15 10:58
Group 1 - DUAL Europe has appointed Amaury Berhault and Jaume Benajiba as managing directors to lead its transactional liability insurance operations in Europe, both bringing over 17 years of experience in transactional liability underwriting [1][2] - Berhault aims for DUAL to become the number one globally in all lines of M&A, emphasizing the importance of setting a new benchmark for excellence in transactional liability [2] - Benajiba expressed excitement about building a best-in-class transactional liability platform at DUAL, focusing on competitive offerings aligned with broker and client needs [4] Group 2 - DUAL Europe's services include warranty and indemnity insurance, tax liability insurance, title insurance, and contingent risks insurance for complex transactions [4] - In September 2023, DUAL Europe expanded its marine portfolio by starting a cargo insurance business, appointing Chris Wittoeck as head of Cargo [5]