NU Online News Service, April 9, 11:34 a.m. EST
The property and casualty insurance group is looking at limited top-line growth, but should record a profitable first quarter despite Chilean earthquake and winter storm losses, an investment bank's analysts said.
Keefe, Bruyette & Woods equity researchers said for the sector, their first quarter projections also foresee some glimmers of price increase in personal lines, a slowing of favorable loss reserve development and merger and acquisition activity that targets smaller regional U.S.-based insurers.
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