BestWeek: Asia-Pacific Outperforms as A.M. Best Launches Global Insurance Stock Indexes.OLDWICK, N.J. -- Asia-Pacific insurers outshone peers in all other regions last week, racking up a 5% gain for the week ended Nov. 30, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. A.M. Best Co.'s insurance stock indexes. These are part of 15 stock indexes A.M. Best has releasedCodebuting in the Dec. 4 issue of BestWeekCocovering 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 on the list include insurers and reinsurers with interactive ratings from A.M. Best, along with insurance brokers. A.M. Best's Asian/Pacific Insurance Index, comprising 18 industry stocks from the region, rose 5.06% to 1,410.52, far outpacing the stock performances of A.M. Best's 14 other stock indexes. The A.M. Best 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". , which tracks all of the 186 stocks of insurers, reinsurers and brokers worldwide that compose the other indexes, rose 0.16% to 1,290.15 for the week ended Nov. 30. The second-best performer among the 15 stock indexes was 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, which rose 3.42% to 1,246.29 for the week ended Nov. 30. That index comprises 13 U.S. health and health maintenance organization stocks. The indexes are compiled in real time and distributed on major financial wires by Dow Jones Indexes. 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. Best's Global Insurance Composite Index finished the week of Nov. 30, 2006, up 10.35% from a year ago. The composite index reflects the performance of 186 insurance stocks. The week's top performers were James River Group Inc.; EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Insurance Group Inc.; Meritz Fire & Marine Insurance Co. Ltd.; Sierra Health Services health services Managed care The benefits covered under a health contract Inc.; and Citizens Financial Corp. (Kentucky). The week's bottom performers were Scottish Re Group Ltd.; Old Mutual plc; Odyssey Re Holdings Corp.; Kansas City Life Insurance Co.; and Meadowbrook Insurance Group Inc. BestWeek is published by A.M. Best Co. for insurance professionals. To subscribe to BestWeek, please call A.M. Best's customer service department at (908) 439-2200, ext. 5742, or e-mail your request to customer_service@ambest.com. 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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