April 17, 2014

Buying Esure shares could make for an ‘interesting’ investment

Buying shares in Esure could make an interesting investment due to the insurer’s ”attractive’” dividend policy. This is the verdict of the manager of the Jupiter Financial Opportunities Fund Guy de Blonay:

“If Esure is valued at the lower end of the price range currently being discussed, it would make an interesting investment case because of its attractive dividend policy,” he said. “That said, other insurers, like Admiral, have been warning of a challenging environment for the UK car market. Rising claims costs are always a threat to car insurers, so it is essential Esure has a rigorous claims handling process in place to weed out fraud.”

Read More: Telegraph

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