Investment Finds Seen In P-C Insurers
NU Online News Service, May 29, 4:10 p.m. EDT?The prospects for property-casualty insurers look favorable and investors can still find "gold to be mined" in the non-life insurance business, Merrill Lynch & Co. Inc said today.
In a research note, the New York-based investment bank said that the first-quarter earnings from p-c insurers were a "solid indication" that rate increases and better terms and conditions are working their way down to the insurers' bottom line.
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