European Reinsurers Brush Off Hurricane Irene
Hurricane Irene's impact on the East Coast of the U.S., although not as severe as expected, will certainly have a substantial affect on insurers. Even so, reinsurance companies in Europe appear to have brushed the storm off, with shares rising 3% on Monday at the world's top three reinsurers.
Insurers with better capital and assets, as well as superior underwriting and growing earnings, offer investors good opportunities at this time, analysts say. --- Jukka Lipponen, CFAKeefe,...