Financial Services >> Analyst Interviews >> May 17, 2010

Navigating Through Cyclicality & Overestimated Profitability – Meyer Shields – Stifel, Nicolaus & Company, Inc.

Shields, Meyer
Meyer Shields, Managing Director, joined the research team at Keefe, Bruyette & Woods, Inc., now part of Stifel, 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: Please begin with a brief overview of your coverage universe, including the specific names you cover within the insurance industry.

Mr. Shields: I cover three different subsectors within the