Banking, finance, and taxes
In Defense of Reinsurance (ACGL, AXS, RE, PRE, RNR, TRH, XL)
Published:
Last Updated:
If you want to know who is ultimately on the hook for the biggest part of catastrophic losses from natural (and man-made) disasters, look no further than reinsurers. They are on the hook for things like volcano business interruption, EU wind or flooding, Chilean earthquakes, hurricanes, and on and on. Morningstar has decided to take a look at some of the large companies in the reinsurance space with some defense of some of its favorite names like Arch Capital Group Ltd. (NASDAQ: ACGL), Axis Capital Holdings Ltd. (NYSE: AXS), Everest Re Group Ltd. (NYSE: RE), Partner Re Ltd. (NYSE: PRE), RenaissanceRe Holdings Ltd. (NYSE: RNR), Transatlantic Holdings (NYSE: TRH), and XL Capital Ltd. (NYSE: XL). Some of the long-term thesis coming in is to “lay the basis for some stabilization if not firming in reinsurance rates, and improved industry return prospects in the years ahead.”
FULL ARTICLE on Morningstar.com by Bill Bergman
Most People Don’t Realize How Cheap Money Is Right Now (sponsor)
Millions of Americans have missed the best money opportunity right under their noses. Personal loan ares are shockingly affordable today, and can be a secret weapon for that home improvement project, paying off a credit card, or covering an unexpected emergency.
With rates starting at just 6.40% APR, frankly it’d be crazy to not consider one. It’s the smart time to take action. Compare top loan offers in under 2 minutes—with zero impact on your credit score—and get matched with lenders ready to help you move forward.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
