NU Online News Service, June 17, 11:18 a.m. EDT

Reinsurance carriers are either a great stock to buy or an indicator of a hard-market turn, depending on how catastrophes shake out this hurricane season, say experts.

While this may seem contrary to conventional thinking, Joshua Shanker, an analyst with Deutsche Bank Securities Inc., says in a note that property and casualty reinsurers are a recommended buy during hurricane season.

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