News for PSC Insurance Group Limited (PSI.AX)

\nInvestment rationale: Strong performer in the insurance sector with robust growth.Market positioning: Well-established insurance broker with a diverse portfoli

The Australian stock market is expected to follow Wall Street down on Friday, as the market awaits Jerome Powell's speech at Jackson Hole.

Luke Laretive of Seneca Financial Solutions reviews their 2023 top dividend stock picks, namely, GQG Partners Inc (ASX: GQG), AUB Group Ltd (ASX: AUB) and Macquarie Group Ltd (ASX: MQG). How did their top 3 dividend shares perform in 2023?

PSC Insurance has made a $25.2 million bid for Ensurance this morning, with parties signing a binding scheme of implementation deed. The deal would see PSC pay a 40% premium on the share price of Ensurance of 26.8 cents per share.

There are several companies set to release shares from escrow in coming days including lithium explorer Firetail Resources (ASX:FTL).

Insurance underwriting agency Ensurance (ASX: ENA) has taken another step in its Australian growth strategy after agreeing to invest $1.5 million in dynamic car insurance start-up company, KOBA Insurance.

Aussie bourse has its worst day since November 3 but in some rare good news Magnum Mining & Exploration (ASX:MGU) has surged 60%.

Ensurance (ASX:ENA) has struck a binding agreement for the planned $8.2 million sale of its UK arm to fellow ASX-listed PSC Insurance Group (PSI).

ASX will open lower. On Wall St, tech shares led a selloff as the Nasdaq fell 1.7%. The S&P 500 was down 1.1% and Dow finished lower 0.5%.

Credit Clear (ASX:CCR) continues its work in the insurance sector picking up new clients with a major Aussie insurer.

Credit Clear (ASX:CCR) is up 20% after it hit record revenue for August of $3.28m its fourth consecutive month of operational profitability.

Closing Bell: It’s Friday night. Volumes are light. Trading is sh*te. I bid you good evening.

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