Fly News Breaks for May 29, 2019
May 29, 2019 | 09:06 EDT
As previously reported, Compass Point downgraded Chubb to Neutral from Buy with a $156 price target. Analyst Bijan Moazami views valuation as "full" and does not expect industry price increases to drop to Chubb's bottom line. The analyst also said Chubb needs to build reserves back to conservative levels and notes competitor AIG (AIG) has had a resurgence in financial lines where the two insurers are the largest players.
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