Reinsurer Validus Holdings, Ltd. (VR) has been hit by concerns about enormous hurricane claims. However, reinsurance companies rarely get hit as hard as people expect and tend to bounce back fairly quickly. One to watch....price $47.06 @ 12 Sep 17 Sep-07-17 Hurricane Harvey is still battering insurance stocks and Irma hasnt even touched land yet MarketWatch -7.22% Sep-07-17 Buy This Dip And You'll Triple Your Money In 10 Years Forbes Sep-06-17 Validus Specialty launches Talbot-led $240 million Political Risk Insurance Binder in New York Business Wire
Looks like this could be an interesting play in the short term - however, maybe the ongoing flow of bad news will push the shares a little lower before we see a real bounce? Not sure that all of the bad news is yet in the share price - whether perceived or real.
