Meadowbrook Insurance Group Leads Tuesday's AMBG as Global Insurance Index Declines 1.30%

Wed. July 30, 2008; Posted: 10:09 AM

OLDWICK, N.J., Jul 30, 2008 (A. M. Best via COMTEX) -- INDM | Quote | Chart | News | PowerRating -- The AMBG closed Tuesday, July 29, at 1023.84 (+1.30%). Of the 15 A.M. Best stock indexes, 12 rose and three declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were Meadowbrook Insurance Group (+13.74%) and ProCentury Corp. (+10.91%). Trailing the list of global insurance stocks were United America Indemnity (-13.30%) and Navigators Group (-8.58%).

The U.S. Multi-Line Insurance Index led the sector indexes, with the Asia/Pacific Insurance Index trailing the list. In descending order, the A.M. Best Insurance Stock Indexes closed at:

U.S. Multi-Line Insurance Index (AMBUML) +6.24%

U.S. Life Insurance Index (AMBUL) +4.53%

U.S. Insurance Brokers Index (AMBUB) +3.45%

U.S. Life and Health/HMO Insurance Index (AMBULH) +3.38%

Global Insurance Brokers Index (AMBGB) +3.22%

U.S. Insurance Index (AMBUS) +3.11%

U.S. Health and HMO Insurance Index (AMBUH) +1.89%

Global Life Insurance Index (AMBGL) +1.82%

U.S. Property/Casualty Insurance Index (AMBUPC) +1.49%

Global Multi-Line Insurance Index (AMBGML) +1.44%

Global Composite Index (AMBG) +1.30%

Global Non-Life Insurance Index (AMBGNL) +0.41%

Global Reinsurance Index (AMBGR) -0.29%

European Insurance Index (AMBEUR) -0.94%

Asia/Pacific Insurance Index (AMBAP) -2.18%

The U.S. Insurance Index (AMBUS) closed at 946.85 (+3.11%). Leading the AMBUS were Meadowbrook Insurance Group (+13.74%) and ProCentury Corp. (+10.91%). Trailing the AMBUS were United America Indemnity (-13.30%) and Navigators Group (-8.58%).

The European Insurance Index (AMBEUR) closed at 1129.00 (-0.94%)%. Leading the AMBEUR were Euler Hermes (+4.60%) and Mapfre S.A. (+3.88%). Trailing the AMBEUR were Novae Group plc (-3.43%) and Brit Insurance Holdings (-2.76%).

The Asia/Pacific Insurance Index (AMBAP) closed at 1332.71 (-2.18%). Leading the AMBAP were Meritz Fire & Marine Insurance (+1.64%) and Korean Reinsurance Co. (+1.60%). Trailing the AMBAP were Hyundai Marine & Fire Insurance Co. Ltd. (-3.72%) and Singapore Reinsurance Corp. (-3.45%).

The Global Reinsurance Index (AMBGR) closed at 1136.44 (-0.29%). Leading the AMBGR were Allied World Assurance (+6.14%) and PartnerRe (+4.83%). Trailing the AMBGR were Singapore Reinsurance Corp. (-3.45%) and QBE Insurance Group Ltd. (-3.25%).

The Global Broker Index (AMBGB) closed at 1020.62 (+3.22%). Leading the AMBGB were Marsh & McLennan Cos. (+4.62%) and Aon (+3.45%). Trailing the AMBGB were Benfield Group (-2.76%) and Brown & Brown (+1.31%).

The Global Multi-Line Insurance Index (AMBGML) closed at 907.71 (+1.44%). Leading the AMBGML were Hartford Financial Services Group (+8.03%) and First Acceptance Corp. (+7.98%). Trailing the AMBGML were Atlantic American Corp. (-1.35%) and Axa S.A. (-0.79%).

The Global Nonlife Insurance Index (AMBGNL) closed at 1123.23 (+0.41%). Leading the AMBGNL were Meadowbrook Insurance Group (+13.74%) and ProCentury Corp. (+10.91%). Trailing the AMBGNL were United America Indemnity (-13.30%) and Navigators Group (-8.58%).

The Global Life Insurance Index (AMBGL) closed at 1045.19 (+1.82%). Leading the AMBGL were Phoenix Cos. (+9.31%) and Lincoln National (+7.40%). Trailing the AMBGL were Kansas City Life Insurance (-3.93%) and Legal & General Group (-2.40%).

The U.S. Property/Casualty Index (AMBUPC) closed at 1085.30 (+1.49%). Leading the AMBUPC were Meadowbrook Insurance Group (+13.74%) and ProCentury Corp. (+10.91%). Trailing the AMBUPC were United America Indemnity (-13.30%) and Navigators Group (-8.58%).

The U.S. Multi-Line Insurance Index (AMBUML) closed at 565.38 (+6.24%). Leading the AMBUML were Hartford Financial Services Group (+8.03%) and American International Group (+7.89%). Trailing the AMBUML were Atlantic American Corp. (-1.35%) and Horace Mann Educators (+1.19%).

The U.S. Life Insurance Index (AMBUL) closed at 1198.57 (+4.53%). Leading the AMBUL were Phoenix Cos. (+9.31%) and Lincoln National (+7.40%). Trailing the AMBUL were Kansas City Life Insurance (-3.93%) and National Western Life Insurance (+1.42%).

The U.S. Life and Health/HMO Insurance Index (AMBULH) closed at 1084.73 (+3.38%). Leading the AMBULH were Phoenix Cos. (+9.31%) and Lincoln National (+7.40%). Trailing the AMBULH were Kansas City Life Insurance (-3.93%) and Health Net (-1.40%).

The U.S. Health and HMO Index (AMBUH) closed at 961.81 (+1.89%). Leading the AMBUH were Universal American (+6.35%) and Triple-S Management Corp. (+5.79%). Trailing the AMBUH were Health Net (-1.40%) and Cigna (-0.44%).

The U.S. Insurance Brokers Index (AMBUB) closed at 1004.66 (+3.45%). Leading the AMBUB were Marsh & McLennan Cos. (+4.62%) and Aon (+3.45%). Trailing the AMBUB were Brown & Brown (+1.31%) and Willis Group Holdings (+1.32%).

Performance rankings of companies in each A.M. Best insurance sector index are published weekly in BestWeek.

The A.M. Best stock indexes cover 178 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.

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