Financial Services >> Analyst Interviews >> January 14, 2002

Outlook For Property Casualty Insurance: Michael Paisan – William Capital Group

Michael G. Paisan is a Managing Director in the equity research department of Stifel Nicolaus & Company, Inc., responsible for providing fundamental research coverage of the property/casualty and reinsurance insurance industry for Stifel Nicolaus (formerly Legg Mason Capital Markets). Prior to that he was at Keefe, Bruyette & Woods (KBW) where he was primarily responsible for equity coverage of property/casualty and multi-lines insurance companies. He was also instrumental in helping launch the insurance research effort at KBW. Prior to KBW, he performed in similar capacity at Deutsche Bank Securities as an AVP in equity research. He was voted one of the top stock pickers in the sector as voted in the "Best on the Street" annual survey by The Wall Street Journal in 2001 and 2006. He has 16 years of experience analyzing the insurance industry in various capacities, but primarily on the equity research side. He has an MBA degree in Finance from The University of Hartford. Profile
TWST: Michael, how would you describe the health of the property and

casualty insurers prior to the events of September 11, and how seriously

have they been hurt by those events?

Mr. Paisan: