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Meritz Fire & Marine Insurance Leads Thursday's AMBG as Global Insurance Index Declines 2.96%

Fri. September 05, 2008; Posted: 11:22 AM
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OLDWICK, N.J., Sep 05, 2008 (A. M. Best via COMTEX) -- NSEC | Quote | Chart | News | PowerRating -- The AMBG closed Thursday, Sept. 4 at 1014.63 (-2.96%). All 15 A.M. Best stock indexes declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were Meritz Fire & Marine Insurance (+4.68%) and Dongbu Insurance Co. (+3.82%). Trailing the list of global insurance stocks were National Security Group (-16.90%) and FPIC Insurance Group (-6.52%).

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

Asia/Pacific Insurance Index (AMBAP) -0.97%

Global Non-Life Insurance Index (AMBGNL) -1.51%

U.S. Property/Casualty Insurance Index (AMBUPC) -1.56%

Global Insurance Brokers Index (AMBGB) -1.71%

U.S. Insurance Brokers Index (AMBUB) -1.74%

Global Reinsurance Index (AMBGR) -2.11%

U.S. Insurance Index (AMBUS) -2.90%

Global Composite Index (AMBG) -2.96%

U.S. Life Insurance Index (AMBUL) -3.23%

European Insurance Index (AMBEUR) -3.46%

Global Multi-Line Insurance Index (AMBGML) -3.63%

U.S. Life and Health/HMO Insurance Index (AMBULH) -3.74%

Global Life Insurance Index (AMBGL) -3.80%

U.S. Multi-Line Insurance Index (AMBUML) -4.26%

U.S. Health and HMO Insurance Index (AMBUH) -4.40%

The U.S. Insurance Index (AMBUS) closed at 953.53 (-2.90%). Leading the AMBUS were Meadowbrook Insurance Group (+2.76%) and American Physicians Capital (+1.54%). Trailing the AMBUS were National Security Group (-16.90%) and FPIC Insurance Group (-6.52%).

The European Insurance Index (AMBEUR) closed at 1099.15 (-3.46%)%. Leading the AMBEUR were Novae Group plc (+2.45%) and Paris Re Holdings (+0.50%). Trailing the AMBEUR were Prudential plc (-5.22%) and Legal & General Group (-4.90%).

The Asia/Pacific Insurance Index (AMBAP) closed at 1251.08 (-0.97%). Leading the AMBAP were Meritz Fire & Marine Insurance (+4.68%) and Dongbu Insurance Co. (+3.82%). Trailing the AMBAP were Nipponkoa Insurance (-3.75%) and Aioi Insurance Co. Ltd. (-2.55%).

The Global Reinsurance Index (AMBGR) closed at 1135.63 (-2.11%). Leading the AMBGR were Paris Re Holdings (+0.50%) and Odyssey Re Holdings (+0.49%). Trailing the AMBGR were XL Capital (-6.05%) and AXA S.A. (-4.00%).

The Global Broker Index (AMBGB) closed at 1126.92 (-1.71%). Leading the AMBGB were Benfield Group (-0.57%) and Marsh & McLennan Cos. (-0.93%). Trailing the AMBGB were Willis Group Holdings (-2.60%) and Aon (-2.43%).

The Global Multi-Line Insurance Index (AMBGML) closed at 868.30 (-3.63%). Leading the AMBGML were Atlantic American Corp. (0.00%) and Unitrin (-0.61%). Trailing the AMBGML were AIG (-6.02%) and Hartford Financial Services Group (-4.20%).

The Global Nonlife Insurance Index (AMBGNL) closed at 1133.18 (-1.51%). Leading the AMBGNL were Meritz Fire & Marine Insurance (+4.68%) and Dongbu Insurance Co. (+3.82%). Trailing the AMBGNL were National Security Group (-16.90%) and FPIC Insurance Group (-6.52%).

The Global Life Insurance Index (AMBGL) closed at 1038.18 (-3.80%). Leading the AMBGL were Independence Holding Co. (-0.38%) and Nationwide Financial Services (-0.56%). Trailing the AMBGL were UnitedHealth Group (-5.46%) and Cigna (-5.46%).

The U.S. Property/Casualty Index (AMBUPC) closed at 1124.16 (-1.56%). Leading the AMBUPC were Meadowbrook Insurance Group (+2.76%) and American Physicians Capital (+1.54%). Trailing the AMBUPC were National Security Group (-16.90%) and FPIC Insurance Group (-6.52%).

The U.S. Multi-Line Insurance Index (AMBUML) closed at 507.50 (-4.26%). Leading the AMBUML were Atlantic American Corp. (0.00%) and Unitrin (-0.61%). Trailing the AMBUML were AIG (-6.02%) and Hartford Financial Services Group (-4.20%).

The U.S. Life Insurance Index (AMBUL) closed at 1210.33 (-3.23%). Leading the AMBUL were Independence Holding Co. (-0.38%) and Nationwide Financial Services (-0.56%). Trailing the AMBUL were Genworth Financial (-5.14%) and Lincoln National (-4.64%).

The U.S. Life and Health/HMO Insurance Index (AMBULH) closed at 1098.01 (-3.74%). Leading the AMBULH were Independence Holding Co. (-0.38%) and Nationwide Financial Services (-0.56%). Trailing the AMBULH were UnitedHealth Group (-5.46%) and Cigna (-5.46%).

The U.S. Health and HMO Index (AMBUH) closed at 976.70 (-4.40%). Leading the AMBUH were Universal American (-1.61%) and Triple-S Management Corp. (-1.99%). Trailing the AMBUH were UnitedHealth Group (-5.46%) and Cigna (-5.46%).

The U.S. Insurance Brokers Index (AMBUB) closed at 1110.07 (-1.74%). Leading the AMBUB were Marsh & McLennan Cos. (-0.93%) and Brown & Brown (-1.84%). Trailing the AMBUB were Willis Group Holdings (-2.60%) and Aon (-2.43%).

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

The A.M. Best stock indexes cover 176 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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