In the week to 15 November the FTSE All Share fell 0.5% vs. +0.3% for the Insurance Index and -1.1% for the Lloyd’s Index. The best performer was Hiscox (+0.8%); JLT was the worst performer (-3.4%). This week we review the Q3 updates from the Lloyd’s/London insurance sector. We upgraded our FY16E PBT forecasts for Beazley and Hiscox and downgraded Lancashire, JLT and Novae. We forecast a 5p special in Q4 from Beazley. FY2016 should be a pretty good year for most – 2017 will
16 Nov 2016
The money bin - Insurance weekly
Helios Underwriting PLC (HUW:LON), 162 | Hiscox Ltd (HSX:LON), 1,163 | Jardine Lloyd Thompson Group (JLT:LON), 0 | Lancashire Holdings Limited (LRE:LON), 566 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 653
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The money bin - Insurance weekly
Helios Underwriting PLC (HUW:LON), 162 | Hiscox Ltd (HSX:LON), 1,163 | Jardine Lloyd Thompson Group (JLT:LON), 0 | Lancashire Holdings Limited (LRE:LON), 566 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 653
- Published:
16 Nov 2016 -
Author:
Joanna Parsons -
Pages:
9
In the week to 15 November the FTSE All Share fell 0.5% vs. +0.3% for the Insurance Index and -1.1% for the Lloyd’s Index. The best performer was Hiscox (+0.8%); JLT was the worst performer (-3.4%). This week we review the Q3 updates from the Lloyd’s/London insurance sector. We upgraded our FY16E PBT forecasts for Beazley and Hiscox and downgraded Lancashire, JLT and Novae. We forecast a 5p special in Q4 from Beazley. FY2016 should be a pretty good year for most – 2017 will