With Hurricane Ian About To Slam Florida, Which Insurance, Bank Stocks Are Most Exposed?
Hurricane Ian is just off the Gulf Coast of Florida and approaching landfall near Cape Coral as a Category 4 storm with maximum sustained winds of 155 miles per hour. On Wednesday, several Wall Street analysts said it''s still too soon to project the potential impact Ian will have on insurance and reinsurance stocks. Reinsurance Stocks: Bank of America analyst Joshua Shanker said investors will get a clearer picture of the damage from Ian in the next 48 hours. Ian could be a significant catalyst for reinsurance stocks, including Arch Capital Group Ltd. (NASDAQ: ACGL ), AXIS Capital Holdings Ltd (NYSE: AXS ), Everest Re Group Ltd (NYSE: RE ) and RenaissanceRe Holdings Ltd. (NYSE: RNR ), the analyst said. "It is not unreasonable to … Full story available on Benzinga.com
With Hurricane Ian About To Slam Florida, Which Insurance, Bank Stocks Are Most Exposed?
Hurricane Ian is just off the Gulf Coast of Florida and approaching landfall near Cape Coral as a Category 4 storm with maximum sustained winds of 155 miles per hour. On Wednesday, several Wall Street analysts said it''s still too soon to project the potential impact Ian will have on insurance and reinsurance stocks. Reinsurance Stocks: Bank of America analyst Joshua Shanker said investors will get a clearer picture of the damage from Ian in the next 48 hours. Ian could be a significant catalyst for reinsurance stocks, including Arch Capital Group Ltd. (NASDAQ: ACGL ), AXIS Capital Holdings Ltd (NYSE: AXS ), Everest Re Group Ltd (NYSE: RE ) and RenaissanceRe Holdings Ltd. (NYSE: RNR ), the analyst said. "It is not unreasonable to … Full story available on Benzinga.com