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Market Volatility Could Help Life Insurers, Impede M&As.


The volatility of the stock market could benefit life insurers but will have little effect on property/casualty insurers and health maintenance organizations, except when it comes to acquisitions, 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.
 investment analysts.

Several insurers have seen their shares perform much better as some of the luster has worn off the technology sector, according to a report by Salomon Noun 1. Salomon - American financier and American Revolutionary War patriot who helped fund the army during the American Revolution (1740?-1785)
Haym Salomon
 Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. .

Maitland Lammert, an analyst for the St. Louis-based financial-services firm Edward Jones Edward, Eddie, or Ed Jones is the name of:

Edward Jones:
  • Edward Jones (statistician) (1856-1920), co-founder of the Dow-Jones index
  • Edward E. Jones (1927-1993), psychologist
  • Edward (Ted) G. Jones, neuroscientist
  • Edward P.
, said the volatile stock market also could slow the growth and depress de·press
v.
1. To lower in spirits; deject.

2. To cause to drop or sink; lower.

3. To press down.

4. To lessen the activity or force of something.
 margins of insurers' indexed-annuity products.

Temporarily, the impact has been to increase cash flow into some other sectors that were being ignored last year, Lammert said.

"Right now, we are just seeing a lot of volatility back and forth, back and forth," she said. "In the second and third quarters, if we see a continued pressure on markets and a continued sustained decline, it would impact these companies and their growth would slow."
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Title Annotation:mergers and acquisitions; stock market;
Comment:Market Volatility Could Help Life Insurers, Impede M&As.(stock market;)(mergers and acquisitions)
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 1, 2000
Words:158
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