** J.P. Morgan says a prolonged trade war or spike in tariffs would be a major negative for property and casualty insurers, but a manageable event for life insurers
** U.S. President Donald Trump on Saturday ordered sweeping tariffs on Mexico, Canada and China, igniting fears of a trade war that could hit global growth
** Brokerage says higher material costs would be a key negative for most P&C insurers as Mexico and Canada account for over half of auto parts imports to the U.S.
** Personal lines insurers such as Allstate ALL.N and Progressive PGR.N are especially susceptible to sustained high tariffs on imports from Mexico and Canada - JPM
** JPM says that while a prolonged trade war has negative implications for life insurers to the extent it pressures equity markets and the economy, they are more insulated than many other sectors
** Higher rates would be a tailwind for companies with elevated exposure to interest rate sensitive businesses and modest exposure to equity investments
** Globe Life's GL.N business mix makes it best positioned to cope with a prolonged trade war among major life insurers - JPM
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。