Specialist insurers backed for equity growth
Stockbroking group Westhouse expects small and mid-cap specialist insurers to deliver the best investment returns over the next two years.
The equity capital specialist forecast that the current trading environment will favour smaller insurers over large-cap conglomerates.
In particular, Westhouse identified Amlin, Catlin, Lancashire and Beazley as providing the best return on equity (ROE) opportunities.
The market expert explained that smaller specialists are better placed to offset low investment returns with underwriting profits, are more focused on higher margin classes and boast lower fixed costs.
Joanna Parson, Westhouse
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