Axis Capital Holdings Ltd
The price-to-book value ratios of Everest, PartnerRe, RenaissanceRe, Axis Capital, and White Mountains Insurance are 1.03x, 0.94x, 1.13x, 1.03x, and 1.16x.
Everest Re Group reported net revenue of $1,375.2 million in 3Q15, a fall of 4.2% when compared to its net revenue of $1,435.8 million in 2Q15.
Stocks in rate-sensitive sectors such as banking, real estate, and autos gained after RBI’s announcement.
US insurance M&A activity picked up in 2014 after a two-year dip, as insurers try to capture growth opportunities in domestic and foreign markets.