Loss-hit insurers shares plummet but brokers should benefit


Shares in insurers and reinsurers with a high market share in Texas have been hit in the aftermath of Hurricane Harvey and the subsequent flooding in the region though analysts have also noted that re/insurers’ share prices can recover strongly in the three to six months after an event.

Hurricane Harvey, Texas, Shares, Axis Capital, Everest Re, RenRe and XL Group, Flood, North America

Intelligent Insurer