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.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ACGL:
- Early notable gainers among liquid option names on December 22nd
- Early notable gainers among liquid option names on December 20th
- Arch Capital increases share repurchase authorization to $1B
- Arch Capital price target raised to $67 from $57 at Barclays
- Arch Capital price target raised to $70 from $60 at RBC Capital
