Stocks
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The insurance sector was up through the first quarter of 2022 as broader economic and international factors drove down markets. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The activist investor cited progress on governance issues in pulling back two proposed directors but pushed Safety Insurance for further strengthening.
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The board also declared a quarterly dividend of $0.535 per share on common stock, payable on May 13.
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Insurance carriers tailor their comments to leave investors walking away with an optimistic view.
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The stock hit new lows after James River booked a $115mn reserve charge and posted a Q4 combined ratio of 140.6%.
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Combined, Warren Buffet’s investment conglomerate has shed over 4.88 million shares of Marsh since the end of June, or more than 92% of its holdings.
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Stock volumes were up, and InsurTech short interest intensified despite significant existing short positions in the stocks.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Insurance stocks mixed following swath of earnings results; Aon gains nearly 7% in Friday trading.
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Stock prices fluctuated, and InsurTech short-sellers took some profits.
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The InsurTech’s stock traded at $28.25 by midday Tuesday, down from its $163.93 peak in February 2021.
