Despite worries to the contrary, this earnings cycle has shown that
well-run P&C insurance companies are still finding opportunities to
grow their business and generate respectable returns. One of the large
commercial insurers, ACE Ltd (ACE)
has used its significant global footprint and its relatively low
property exposure to continue generating good premium growth and
underwriting profits. The P&C market is likely to soften further,
likely shrinking management's ability to generate such favorable reserve
developments down the line, but ACE shares still appear to offer some
upside at these levels.
Read more here:
ACE Still The Place For Reasonable Insurance Returns
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