Stocks march to the ‘market turn’ tune
(Re)insurance stocks may be on the cusp of a positive re-rating after another month of strong performance, fuelled by dissipating Eurozone fears and a growing belief that the "worst is over" for pricing.
On the eve of the European P&C reporting season, continental and Lloyd's stocks both enjoyed strong starts to the year, while the US/Bermuda specialty and reinsurance stocks have generally moved upwards in 2012, after also enjoying a strong December.
Typically, the European composites led the charge in...
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