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Wunderlich Securities Provides Color on the Insurance Sector

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Wunderlich Securities provided color on the insurance sector ahead of the hurricane season. Wunderlich believes the hurricane activity will be on track with the high activity in 2010.

In a research report published today, Wunderlich commented on which insurance companies are best suited to withstand the hurricane season. In the report, Wunderlich states, "We believe a hurricane could be the catalyst for a pricing turn. Insurers with strong balance sheets and diversified, well-managed underwriting operations are likely to benefit from the resulting rate conditions. Under our coverage, we believe AXIS Capital Holdings Ltd. (AXS-$32.16, Buy) and Aspen Insurance Holdings Ltd. (AHL-$26.65, Buy) are the best positioned to capitalize on a rising rate environment."

On Monday, Axis Capital Holdings (NYSE: AXS) lost 1.83% to close the day at $32.16. At the same time, Aspen Insurance Holdings (NYSE: AHL) lost 1.22% on Monday to finish the day at $26.65.

Posted-In: Aspen Insurance Holdings AXIS Capital Holdings WunderlichAnalyst Color Analyst Ratings

 

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