The Zacks Analyst Blog Highlights: Cigna, Progressive, James River and American Equity
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Natural disasters, which ravaged parts of the United States in 2017 and 2018 so far, have not only resulted in increased number of insurance renewals but also higher premium pricing. What is rather a burden for buyers has proved to be a boon for insurance companies. Per the latest report published by Willis Towers Watson in its 2019 Insurance Marketplace Realities, players in the insurance industry are poised for tremendous growth in the days to come. According to a report published by PwC on Oct 24, 2018, the total value of merger and acquisition activity in America’s insurance sector increased to $8.1 billion in the third quarter of 2018.