JOHANNESBURG, SOUTH AFRICA -- (Marketwire) -- 08/26/10 -- www.RothmanResearch.com undertakes intensive analysis of the property & casualty insurance industry and provides systematic research on American International Group Inc. (NYSE: AIG) and Cincinnati Financial Corp. (NASDAQ: CINF). Sign up today on www.rothmanresearch.com to get access to these free reports and more.
The Property and Casualty Insurance industry finds itself in a guardedly optimistic position lately. While the economic downturn has cut back consumer and commercial demand for many of their products and fierce intra-industry competition has negatively impacted prices, many companies within the sector are still managing to remain profitable despite the decrease in revenue. By cutting costs, reigning in non-essential operations spending, and slowing acquisitions, some companies have managed to counteract the revenue loss with shrewd low risk financial moves. While in most cases this has resulted in a slow-down or halt in organic growth, some of the larger companies are looking to mergers and acquisitions as the economy slowly turns around to gain ground within the historically fractured Insurance sector.
www.rothmanresearch.com is a source for investors seeking free information on the property & casualty insurance industry; investors and shareholders of American International Group Inc. and Cincinnati Financial Corp. are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.
One concern is that some of the excess capital the Property and Casualty Insurance industry has managed to accumulate could create a soft market where prices decrease as companies take on more risk.
One surprising area of good news is that the major disasters this year involving oil spills and volcanic ash have yet to have their expected extreme impact upon the insurance industry because the insurance structuring of BP and quick grounding of flights during the eruptions avoided major pay outs by the insurance sector. However, the forecast of a potentially bad hurricane season could cause much of the oil remaining in the Gulf of Mexico to be pushed up onto land during storm surges. This unknown has led to some consumer displeasure as many companies in the sector are either limiting or raising the costs for flood premiums in the regions predicted to be hit by hurricanes.
Also making the news in this space recently, is the future IPO of American International Group Inc.'s Asian life insurance company AIA Group Ltd. Today, AIG is moving closer to its objective after finalizing its roster of bankers which will deal with the listing of AIA Group Ltd. www.rothmanresearch.com provides technical analysis and free downloadable research report on American International Group Inc. by signing up now at
Cincinnati Financial Corp. which posted net income of $27 million in July announced recently that it is increasing its quarterly dividend by close to 1.3%. www.rothmanresearch.com provides technical analysis and free downloadable research report Cincinnati Financial Corp. by signing up now at
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