AIG Leads Tuesday's AMBG as Global Insurance Index Rises 3.45% - Insurance News | InsuranceNewsNet

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October 29, 2008
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AIG Leads Tuesday’s AMBG as Global Insurance Index Rises 3.45%

Stephen Brown-Klinger

<p>The AMBG closed Tuesday, Oct. 28, at 628.03 (+3.45%). Of the 15 A.M. Best stock indexes, 12 rose and three declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were AIG (+35.56%) and Phoenix Cos. (+28.46%). Trailing the list of global insurance stocks were Singapore Reinsurance Corp. (-17.14%) and Aegon N.V. (-13.96%).</p> <p>The U.S. Life Insurance Index led the sector indexes, with the European Insurance Index trailing the list. In descending order, the A.M. Best Insurance Stock Indexes closed at:</p> <p>U.S. Life Insurance Index (AMBUL) +12.47%</p> <p>U.S. Life and Health/HMO Insurance Index (AMBULH) +10.57%</p> <p>U.S. Insurance Brokers Index (AMBUB) +9.67%</p> <p>Global Insurance Brokers Index (AMBGB) +9.15%</p> <p>U.S. Health and HMO Insurance Index (AMBUH) +8.75%</p> <p>U.S. Insurance Index (AMBUS) +7.37%</p> <p>U.S. Multi-Line Insurance Index (AMBUML) +6.80%</p> <p>Global Life Insurance Index (AMBGL) +6.19%</p> <p>U.S. Property/Casualty Insurance Index (AMBUPC) +4.91%</p> <p>Global Non-Life Insurance Index (AMBGNL) +3.90%</p> <p>Global Composite Index (AMBG) +3.45%</p> <p>Global Reinsurance Index (AMBGR) +1.25%</p> <p>Asia/Pacific Insurance Index (AMBAP) -0.05%</p> <p>Global Multi-Line Insurance Index (AMBGML) -2.53%</p> <p>European Insurance Index (AMBEUR) -4.60%</p> <p>The U.S. Insurance Index (AMBUS) closed at 650.99 (+7.37%). Leading the AMBUS were AIG (+35.56%) and Phoenix Cos. (+28.46%). Trailing the AMBUS were Greenlight Capital Re (-12.10%) and Unico American Corp. (-8.22%).</p> <p>The European Insurance Index (AMBEUR) closed at 526.60 (-4.60%). Leading the AMBEUR were Beazley Group (+12.50%) and Amlin plc (+7.67%). Trailing the AMBEUR were Aegon N.V. (-13.96%) and ING Groep N.V. (-13.41%).</p> <p>The Asia/Pacific Insurance Index (AMBAP) closed at 903.77 (-0.05%). Leading the AMBAP were Dongbu Insurance Co. (+15.00%) and Hyundai Marine & Fire Insurance Co. Ltd. (+14.97%). Trailing the AMBAP were Singapore Reinsurance Corp. (-17.14%) and Fuji Fire & Marine Insurance (-5.52%).</p> <p>The Global Reinsurance Index (AMBGR) closed at 779.38 (+1.25%). Leading the AMBGR were XL Capital (+16.64%) and Korean Reinsurance Co. (+13.27%). Trailing the AMBGR were Singapore Reinsurance Corp. (-17.14%) and Aegon N.V. (-13.96%).</p> <p>The Global Broker Index (AMBGB) closed at 938.27 (+9.15%). Leading the AMBGB were Willis Group Holdings (+12.92%) and Marsh & McLennan Cos. (+11.59%). Trailing the AMBGB were Jardine Lloyd Thompson Group plc (-0.36%) and Benfield Group (0.00%).</p> <p>The Global Multi-Line Insurance Index (AMBGML) closed at 407.34 (-2.53%). Leading the AMBGML were AIG (+35.56%) and Horace Mann Educators (+17.30%). Trailing the AMBGML were AXA S.A. (-7.81%) and Allianz (-7.33%).</p> <p>The Global Nonlife Insurance Index (AMBGNL) closed at 932.21 (+3.90%). Leading the AMBGNL were XL Capital (+16.64%) and Dongbu Insurance Co. (+15.00%). Trailing the AMBGNL were Singapore Reinsurance Corp. (-17.14%) and Greenlight Capital Re (-12.10%).</p> <p>The Global Life Insurance Index (AMBGL) closed at 548.82 (+6.19%). Leading the AMBGL were Phoenix Cos. (+28.46%) and Independence Holding Co. (+24.95%). Trailing the AMBGL were Aegon N.V. (-13.96%) and ING Groep N.V. (-13.41%).</p> <p>The U.S. Property/Casualty Index (AMBUPC) closed at 985.21 (+4.91%). Leading the AMBUPC were First Acceptance Corp. (+17.23%) and XL Capital (+16.64%). Trailing the AMBUPC were Greenlight Capital Re (-12.10%) and Unico American Corp. (-8.22%).</p> <p>The U.S. Multi-Line Insurance Index (AMBUML) closed at 162.24 (+6.80%). Leading the AMBUML were AIG (+35.56%) and Horace Mann Educators (+17.30%). Trailing the AMBUML were Hartford Financial Services Group (-2.78%) and Delphi Financial Group (+0.20%).</p> <p>The U.S. Life Insurance Index (AMBUL) closed at 636.55 (+12.47%). Leading the AMBUL were Phoenix Cos. (+28.46%) and Independence Holding Co. (+24.95%). Trailing the AMBUL were National Western Life Insurance (-0.12%) and Nationwide Financial Services (+0.21%).</p> <p>The U.S. Life and Health/HMO Insurance Index (AMBULH) closed at 667.06 (+10.57%). Leading the AMBULH were Phoenix Cos. (+28.46%) and Independence Holding Co. (+24.95%). Trailing the AMBULH were Universal American (-2.27%) and National Western Life Insurance (-0.12%).</p> <p>The U.S. Health and HMO Index (AMBUH) closed at 698.45 (+8.75%). Leading the AMBUH were AFLAC Inc. (+15.08%) and UnitedHealth Group (+9.89%). Trailing the AMBUH were Universal American (-2.27%) and Coventry Health Care (+0.33%).</p> <p>The U.S. Insurance Brokers Index (AMBUB) closed at 923.55 (+9.67%). Leading the AMBUB were Willis Group Holdings (+12.92%) and Marsh & McLennan Cos. (+11.59%). Trailing the AMBUB were AmTrust Financial Services Inc. (+2.81%) and Aon (+5.64%).</p> <p>Performance rankings of companies in each A.M. Best insurance sector index are published weekly in BestWeek.</p> <p>The A.M. Best stock indexes cover 179 publicly traded insurance companies and brokers. Index values are calculated by Dow Jones Indexes in U.S. dollars. Companies in the A.M. Best stock indexes include insurers and insurance-related organizations with credit ratings from A.M. Best, along with brokers. A.M. Best does not provide investment recommendations. A listing of companies in each A.M. Best Index is available at http://www.ambest.com/stocks.</p>

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