Reinsurance stock prices had good luck warns A.M. Best
Thursday, 04 14 2016, Category: Insurance and Reinsurance, Country: World
Stock prices for publicly traded reinsurance companies increased moderately during 2015 and remained well above the overall market with just two of 18 selected companies experiencing negative stock price movement, according to a new AM Best report focused on reinsurance companies’ stock performance in fourth-quarter 2015.
The Best’s special report, titled, “Reinsurers Enjoy Good Fortune, But Is It Sustainable?” states that the group’s largely favourable share price movement was driven by the strong performance of several reinsurers, including the four large European players – Hannover Re, SCOR, Munich Re and Swiss Re.
These gains materialized despite global financial market volatility in the second half of 2015, which included an August market correction that led to a 10 percent dip in US stock market value.
Source: Intelligent Insurer