CRM Holdings Leads Wednesday's AMBG as Global Insurance Index Declines 0.79%

The AMBG closed Wednesday, Oct. 21, at 824.00 (-0.79%). Of the 15 A.M. Best stock indexes, one rose and 14 declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were CRM Holdings (+7.37%) and United American Healthcare (+4.26%). Trailing the list of global insurance stocks were Atlantic American Corp. (-13.58%) and StanCorp Financial Group (-7.05%).

The European Insurance Index led the sector indexes, with the U.S. Health and HMO Insurance Index trailing the list. In descending order, the A.M. Best Insurance Stock Indexes closed at:

European Insurance Index (AMBEUR) +0.01%

Asia/Pacific Insurance Index (AMBAP) -0.17%

Global Reinsurance Index (AMBGR) -0.20%

Global Non-Life Insurance Index (AMBGNL) -0.54%

Global Multi-Line Insurance Index (AMBGML) -0.56%

U.S. Property/Casualty Insurance Index (AMBUPC) -0.78%

Global Composite Index (AMBG) -0.79%

Global Insurance Brokers Index (AMBGB) -0.95%

U.S. Insurance Brokers Index (AMBUB) -1.02%

Global Life Insurance Index (AMBGL) -1.20%

U.S. Insurance Index (AMBUS) -1.36%

U.S. Life Insurance Index (AMBUL) -1.50%

U.S. Life and Health/HMO Insurance Index (AMBULH) -1.91%

U.S. Multi-Line Insurance Index (AMBUML) -2.27%

U.S. Health and HMO Insurance Index (AMBUH) -2.41%

The U.S. Insurance Index (AMBUS) closed at 731.78 (-1.36%). Leading the AMBUS were CRM Holdings (+7.37%) and United American Healthcare (+4.26%). Trailing the AMBUS were Atlantic American Corp. (-13.58%) and StanCorp Financial Group (-7.05%).

The European Insurance Index (AMBEUR) closed at 954.42 (+0.01%). Leading the AMBEUR were Novae Group PLC (+1.78%) and Beazley Group (+1.29%). Trailing the AMBEUR were Euler Hermes (-2.81%) and Amlin plc (-2.57%).

The Asia/Pacific Insurance Index (AMBAP) closed at 1165.79 (-0.17%). Leading the AMBAP were Tokio Marine Holdings (+1.64%) and Singapore Reinsurance Corp. (+1.61%). Trailing the AMBAP were National Reinsurance Co. (-4.44%) and Mitsui Sumitomo Insurance Group Holdings (-2.17%).

The Global Reinsurance Index (AMBGR) closed at 1001.12 (-0.20%). Leading the AMBGR were Singapore Reinsurance Corp. (+1.61%) and QBE Insurance Group Ltd. (+0.79%). Trailing the AMBGR were National Reinsurance Co. (-4.44%) and Euler Hermes (-2.81%).

The Global Broker Index (AMBGB) closed at 1010.73 (-0.95%). Leading the AMBGB were Kingstone Cos. Inc. (+2.75%) and eHealth Inc. (+1.88%). Trailing the AMBGB were Life Partners (-2.42%) and Brown & Brown (-1.32%).

The Global Multi-Line Insurance Index (AMBGML) closed at 651.07 (-0.56%). Leading the AMBGML were Generali Deutschland Holding (+0.28%) and Arab Orient Insurance Co. (0.00%). Trailing the AMBGML were Atlantic American Corp. (-13.58%) and American International Group Inc. (-3.46%).

The Global Nonlife Insurance Index (AMBGNL) closed at 1053.48 (-0.54%). Leading the AMBGNL were CRM Holdings (+7.37%) and Affirmative Insurance Holdings Inc. (+3.91%). Trailing the AMBGNL were CNA Surety (-4.22%) and First Mercury Financial Corp. (-3.74%).

The Global Life Insurance Index (AMBGL) closed at 773.50 (-1.20%). Leading the AMBGL were United American Healthcare (+4.26%) and Legal & General Group (+1.00%). Trailing the AMBGL were StanCorp Financial Group (-7.05%) and Universal American (-4.86%).

The U.S. Property/Casualty Index (AMBUPC) closed at 1055.37 (-0.78%). Leading the AMBUPC were CRM Holdings (+7.37%) and Affirmative Insurance Holdings Inc. (+3.91%). Trailing the AMBUPC were CNA Surety (-4.22%) and First Mercury Financial Corp. (-3.74%).

The U.S. Multi-Line Insurance Index (AMBUML) closed at 197.58 (-2.27%). Leading the AMBUML were American Financial Group (-0.11%) and Unitrin (-0.94%). Trailing the AMBUML were Atlantic American Corp. (-13.58%) and AIG (-3.46%).

The U.S. Life Insurance Index (AMBUL) closed at 806.45 (-1.50%). Leading the AMBUL were FBL Financial Group (+0.83%) and Independence Holding Co. (+0.34%). Trailing the AMBUL were StanCorp Financial Group (-7.05%) and Torchmark (-3.24%).

The U.S. Life and Health/HMO Insurance Index (AMBULH) closed at 796.44 (-1.91%). Leading the AMBULH were United American Healthcare (+4.26%) and FBL Financial Group (+0.83%). Trailing the AMBULH were StanCorp Financial Group (-7.05%) and Universal American (-4.86%).

The U.S. Health and HMO Index (AMBUH) closed at 778.16 (-2.41%). Leading the AMBUH were United American Healthcare (+4.26%) and Triple-S Management Corp. (-0.53%). Trailing the AMBUH were Universal American (-4.86%) and Cigna (-3.73%).

The U.S. Insurance Brokers Index (AMBUB) closed at 920.41 (-1.02%). Leading the AMBUB were Kingstone Cos. Inc. (+2.75%) and eHealth Inc. (+1.88%). Trailing the AMBUB were Life Partners (-2.42%) and Brown & Brown (-1.32%).

Performance rankings of companies in each A.M. Best insurance sector index are published weekly in BestWeek.

The A.M. Best stock indexes cover 204 publicly traded insurance companies and brokers. Index values are calculated by Dow Jones Indexes in U.S. dollars. Companies in the A.M. Best stock indexes include insurers and insurance-related organizations with credit ratings from A.M. Best, along with brokers. A.M. Best does not provide investment recommendations. A listing of companies in each A.M. Best Index is available at http://www.ambest.com/stocks.