Novae Group Leads Monday's AMBG as Global Insurance Index Rises 0.76%

The AMBG closed Monday, Sept. 7, at 780.10 (+0.76%). Due to holiday, only non-U.S. markets were open. Of the 15 A.M. Best stock indexes, 8 rose and 0 declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were Novae Group plc (+5.88%) and Arab Orient Insurance Co. (+4.63%). Trailing the list of global insurance stocks were Samsung Fire & Marine Insurance Co. Ltd. (-1.99%) and Nipponkoa Insurance (-1.97%).

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) +2.23%

Global Multi-Line Insurance Index (AMBGML) +1.45%

Global Reinsurance Index (AMBGR) +1.10%

Global Life Insurance Index (AMBGL) +0.86%

Global Composite Index (AMBG) +0.76%

Asia/Pacific Insurance Index (AMBAP) +0.65%

Global Non-Life Insurance Index (AMBGNL) +0.36%

Global Insurance Brokers Index (AMBGB) +0.07%

The European Insurance Index (AMBEUR) closed at 832.53 (+2.23%). Leading the AMBEUR were Novae Group PLC (+5.88%) and Chaucer Holdings (+3.83%). Trailing the AMBEUR were Omega Insurance Holdings (-1.76%) and Paris Re Holdings (-0.30%).

The Asia/Pacific Insurance Index (AMBAP) closed at 1139.73 (+0.65%). Leading the AMBAP were Arab Orient Insurance Co. (+4.63%) and LIG Insurance Co. (+3.23%). Trailing the AMBAP were Samsung Fire & Marine Insurance Co. Ltd. (-1.99%) and Nipponkoa Insurance (-1.97%).

The Global Reinsurance Index (AMBGR) closed at 931.66 (+1.10%). Leading the AMBGR were Chaucer Holdings (+3.83%) and Aegon N.V. (+3.51%). Trailing the AMBGR were Paris Re Holdings (-0.30%) and Munich Re (-0.14%).

The Global Broker Index (AMBGB) closed at 971.46 (+0.07%). Leading the AMBGB were Hansard Global (+1.00%) and Jardine Lloyd Thompson Group plc (+0.76%). Trailing the AMBGB were Austbrokers Holdings (-0.84%) and Advance Create Co. (-0.33%).

The Global Multi-Line Insurance Index (AMBGML) closed at 567.06 (+1.45%). Leading the AMBGML were Arab Orient Insurance Co. (+4.63%) and RSA Insurance Group PLC (+3.07%). Trailing the AMBGML were Hannover Rueckversicherungs AG (-0.07%) and AIG (0.00%).

The Global Non-Life Insurance Index (AMBGNL) closed at 1033.71 (+0.36%). Leading the AMBGNL were Novae Group plc (+5.88%) and Chaucer Holdings (+3.83%). Trailing the AMBGNL were Samsung Fire & Marine Insurance Co. Ltd. (-1.99%) and Nipponkoa Insurance (-1.97%).

The Global Life Insurance Index (AMBGL) closed at 743.68 (+0.86%). Leading the AMBGL were Legal & General Group (+3.53%) and Aegon N.V. (+3.51%). Trailing the AMBGL was Munich Re (-0.14%) and Aetna (0.00%).

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

The A.M. Best stock indexes cover 205 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