Ann: Clarification of market announcement, page-62

Wrong. They only need to pay $2.7m, St Andrews already have $7.3m in cash.

This is what made me look at FIG in the first place, a company paying $2.7m for a $72m premium book with general & life insurance license and using Swiss Re as a guarantor is a stunning deal. Frankly I would've bought it myself if I had the chance. Despite previous shareholders saying he's unethical for selling shares before downgrade, imo Keith Cohen is extremely shrewd businessman.

Imo dyor