Crop market leader reassures investors on drought losses
Investors will be looking to the results of Endurance Specialty,
American Financial Group and PartnerRe this week for further
positive signs on crop exposures after Ace provided significant
reassurance on 24 July.
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The (re)insurer's shares climbed 6.25 percent
Wednesday through to the close of the New York Stock Exchange on
Friday. Investors reacted favourably to the news that the company
expects only a $0.19 a share or $65mn hit in the third quarter,
given the current state...
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