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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject9/27/2001 8:37:47 AM
From: kendall harmon   of 37746
 
AJG, WSH, insurance brokers an interesting play

From a dow jones article late yesterday:

In the aftermath of terrorist attacks on New York and Washington, insurers are expected to raise their commercial and specialty insurance rates significantly. The insured loss is expected to be at least $30 billion from the collapse of the World Trade Center and an attack on the Pentagon.

Steve Musser, an A.G. Edwards & Co. insurance analyst, said insurance brokers are likely to see the biggest pop following a major catastrophe. They have little to no underwriting exposure and benefit from higher rates.

"I think the brokers are the first place you look following an event like this," Musser said.
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