A.M. Best Launches 15 Insurance Stock Indexes.OLDWICK, N.J. -- A.M. Best Co. has released 15 stock indexes covering publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. in sectors of the U.S. and global insurance industry. Companies in the indexes include insurance carriers with interactive ratings from A.M. Best, along with insurance brokers. The indexes are compiled in real time and distributed on major financial wires by Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Indexes. The symbols for all 15 indexes begin with the letters "AMB AMB Ambient AMB Ambassador AMB Amber AMB Ambulance AMB Associação Médica Brasileira (Brazil) AMB Ambulatory AMB Advanced Memory Buffer (FBDIMM control unit on DRAM) " and are followed by letters indicating the sector they cover. The 15 indexes and their symbols include: * A.M. Best's Global Insurance Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". AMBG AMBG Arab-Malaysian Banking Group (Malaysia) * A.M. Best's Global Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Index AMBGR * A.M. Best's Global Multiline Insurance Index AMBGML * A.M. Best's Global Nonlife Insurance Index AMBGNL * A.M. Best's Global Life Insurance Index AMBGL * A.M. Best's Global Insurance Brokers Index AMBGB * A.M. Best's European Insurance Index AMBEUR * A.M. Best's Asian/Pacific Insurance Index AMBAP * A.M. Best's U.S. Composite Insurance Index AMBUS AMBUS ambulance bus (US DoD) * A.M. Best's U.S. Multiline Insurance Index AMBUML * A.M. Best's U.S. Property/Casualty Insurance Index AMBUPC * A.M. Best's U.S. Life/Health Insurance Index AMBULH * A.M. Best's U.S. Life Insurance Index AMBUL * A.M. Best's U.S. Health & HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, Insurance Index AMBUH * A.M. Best's U.S. Insurance Brokers Index AMBUB Those wishing to track the performance of publicly traded insurers can use the indexes for comparison purposes. The indexes can be followed by tracking the index symbol on any of the stock-tracking services. The indexes will also be covered regularly in A.M. Best's publications including BestWire, a real-time news wire; BestDay, a daily newspaper; BestWeek, a weekly newsletter; and Best's Review, a monthly news magazine. For a video presentation explaining the new indexes, visit: www.ambest.com/video/ambindexes. A.M. Best has been compiling insurance stock indexes for decades, some dating back to the 1930s. This is the first time that A.M. Best stock index information has been made available on real-time financial wires. Licensing of index information is handled by Dow Jones Indexes, and two years of performance information is available on each index. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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