The Seattle Times reported on 9/28/00 that White Mountains Insurance Group out of Bermuda, who closed a purchase of CGU Insurance Co. yesterday has Safeco Insurance Co. in its targets.
'I would love to own Safeco,' Byrne told Bloomberg News. 'It was a great company once. I would love to talk with the guys who run it.'
Safeco denies that it is for sale and claims that it will resist any attempt to take it over.
Analysts however feel that Safeco's poor recent financial results, flat stock price and a management shakeup last month may make the stalwart insurer up for grabs eventually.
Saf...
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