Keefe Bruyette analyst Meyer Shields views Guy Carpenter’s news release, especially its observation that "not all outcomes were logical or sustainable," as pointing to a very positive renewal season from property catastrophe reinsurers. He maintains Outperform ratings on Arch Capital (ACGL), AIG (AIG), Chubb (CB), Everest Re (RE), and RenaissanceRe (RNR). The companies are the biggest beneficiaries of a very hard catastrophe reinsurance market, Shields tells investors in a research note.
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