Financial Services >> Analyst Interviews >> January 5, 2009


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: As you look back, what was the highlight or lowlight of the property-

casualty insurance space from your perspective?

Mr. Paisan: Clearly the low light was the overall market, the fear