A rally boosted equities to 22 March. The FTSE All Share rose 1.0% vs. 3.3% for the Insurance Index and +1.3% for the Lloyd’s Index. The best performer this week was Novae (+3.8%); Lancashire was the worst performer (-1.9%). This week we review the decomposition of the FY2015 ROEs with underwriting and tax being the biggest drivers. Beazley led on most rankings but Novae generated the largest underwriting contribution thanks to its higher NPE gearing. Lancashire benefited the most from
23 Mar 2016
The Money Bin - Insurance weekly
Hiscox Ltd (HSX:LON), 1,245 | Jardine Lloyd Thompson Group (JLT:LON), 0 | Lancashire Holdings Limited (LRE:LON), 618 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 665
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The Money Bin - Insurance weekly
Hiscox Ltd (HSX:LON), 1,245 | Jardine Lloyd Thompson Group (JLT:LON), 0 | Lancashire Holdings Limited (LRE:LON), 618 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 665
- Published:
23 Mar 2016 -
Author:
Joanna Parsons -
Pages:
9
A rally boosted equities to 22 March. The FTSE All Share rose 1.0% vs. 3.3% for the Insurance Index and +1.3% for the Lloyd’s Index. The best performer this week was Novae (+3.8%); Lancashire was the worst performer (-1.9%). This week we review the decomposition of the FY2015 ROEs with underwriting and tax being the biggest drivers. Beazley led on most rankings but Novae generated the largest underwriting contribution thanks to its higher NPE gearing. Lancashire benefited the most from