Tied to the Covid-19 pandemic recovery and reopening theme, European banks have blasted higher this year, but right behind that sector have been insurers.
Stoxx Europe 600 banks
sector is up 20% so far this year, while the Stoxx
Stoxx Europe 600 Insurance Index
has gained nearly 14%, both beating a 9% return for the main
Stoxx Europe 600.
Singing the praises of Europe’s insurers in a note to clients on Tuesday, JPMorgan analysts say they are sticking