Allied World Assurance Holdings, Ltd. (NYSE:AWH)
CAPS Rating:
A Bermuda-based specialty insurance and reinsurance company that underwrites a diversified portfolio of property and casualty insurance and reinsurance lines of business.
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AWAC should report excellent results this year for two reasons:-
1) There have been no serious hurricanes so far this year
2) They have access to Property and Casualty premiums which have vastly increased from last year due to the damage caused by Hurricane Katrina, however unlike a lot of the Reinsurers in existence last year they aren’t trying to recoup last years losses
Look out for what the share price does when other reinsurers report what I expect to be excellent results, if this stock doesn’t react (which it may well not as it is not particularly well followed) it would be another opportunity to buy in advance of their quarterly reporting.