Nordic insurers: UBS sees robust Q3, prefers Sampo

Sampo

05/10/2021 12:34

** UBS expects a solid Q3 for Nordic insurers, given the
volatility expected elsewhere from European flood losses and 
Hurricane Ida
    ** The scale of Swedish operations will also likely be a key
factor for relative underwriting performance amongst the Nordic
insurers, it adds
    ** The brokerage prefers Finnish Sampo  SAMPO.HE  ("buy") as
it continues to be catalyst-rich and offers greatest capital
repatriation potential amongst Nordic insurers
    ** UBS reiterates "sell" on Gjensidige  GJFS.OL  and
Topdanmark  TOP.CO  given lower EPS growth potentially leading
to a de-rating
    ** It also reiterates "buy" on Tryg  TRYG.CO , saying the
company may be somewhat back-end loaded for catalysts
    

 (Reporting by Tommy Lund)
 ((Tommyalexander.lund@thomsonreuters.com))