Industry & Services >> Analyst Interviews >> May 8, 2014
Economy Recovery Positive for Insurance Brokers, Negative for Underwriters
Meyer Shields, Managing Director, joined the research team at Keefe, Bruyette & Woods, Inc., now part ofStifel, Nicolaus & Co., Inc., in connection with Stifel's acquisition of Legg Mason's capital markets group in December of 2005. He rejoined Legg Mason in April 2004. Mr. Shields covers the insurance brokers and small and midcap property and casualty insurers. Before rejoining Legg Mason, Mr. Shields was an Associate Analyst at J.P. Morgan Securities, Inc., as well as at Legg Mason, focused on the property and casualty insurance industry. He also worked in the actuarial department at Zurich North America from 1993 to 2000, doing pricing for personal and commercial insurance products. Mr. Shields ranked fifth among stock pickers in the insurance/nonlife industry in The Wall Street Journal “Best on the Street” analysts survey for 2009. He has a B.S. in actuarial science from the University of Toronto, and is a Fellow of the Casualty Actuarial Society. Profile
TWST: Broadly, which segment within insurance are you most positive about at this point and why?
Mr. Shields: The insurance brokers, and the reason is that we seem to be seeing signs of