Firm pricing strengthens general insurance sector

Simon Moss, senior investment manager at Gartmore, believes the environment for US insurance stocks remains positive over the long term. Excluding the life assurance sector, Moss says a firmer pricing environment in the US has made him positive on the general insurance sector for the past 12 months. However, he says recently there has been softening in some areas of the sector, such as automobile insurance, which has put stocks under a bit of pressure. Other areas of the sector, however, are still strong according to Moss and he says the long-term outlook remains positive. Moss note...