The week's winners
Amlin up 4.6%
Highway up 4.3%
The week's losers
Marsh down 15.4%
Royal & SunAlliance down 10.4%
Marsh started to recover its position after taking a sharp di …
The week's winners
Amlin up 4.6%
Highway up 4.3%
The week's losers
Marsh down 15.4%
Royal & SunAlliance down 10.4%
Marsh started to recover its position after taking a sharp dip last week when JP Morgan upgraded the global broker to an "overweight" from "neutral".
It was enough to start a recovery that was needed after Merrill Lynch cut its expectations for the group, sending it downwards.
The stock rose by more than 4% on Tuesday, and was at $38.65 by late afternoon when this column went to press. The downward movement last week had pushed it from $43.03 on Tuesday 1 October to $35.05 by close on Friday 4 October.
By contrast, fellow global broker Willis is up by about 135% on its flotation price when it launched on 12 June last year. Now at $32.42, it launched at $13.50.
Marsh has slipped about 15% over the same period and Aon, trading on Tuesday at $17.81, is down by some 30% over the same period.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
