P&C Insurers: Lucky or Smart?
I've had my eye on the P&C insurers for a while now partly because they're selling at such tasty prices. The big questions with these guys are whether competition is going to kill profitability and whether a basically storm-free year last year makes them look more impressive than they really are.
Today there was an interesting article in the WSJ referencing Lloyds in particular saying that there's a lot going on behind the scenes making a lot of the P&C group more stable. I'm still in the process of digging up dirt, but any thoughts out there in CAPS blogland?