Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Stilwell ups stake in troubled Kingsway

13 April 2010

New York-based private investor the Stilwell Group has upped its stake in troubled Canadian insurer Kingsway Financial Services (KFSI) to 12.8 percent.

Investment entrepreneur and Kingsway director Joseph Stilwell's activist investment firm has ramped up its interest over the last three days from 9.5 percent, after the Pennsylvania Department of Insurance lost its lawsuit against Kingsway.

Commonwealth Court of Pennsylvania judges last week found that the firm did not technically violate the law when it disposed of Lincoln General Insurance...

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