The insurance team covers a wide range of specialist mid-cap insurers listed on the London Stock exchange.
The primary focus is on non-life insurers including the Lloyd’s market insurers and UK motor insurers. In addition, Peel Hunt covers the specialist Life insurance companies, including the annuity writers and life back-book consolidators. The insurance team organises a number of conferences each year and regular roundtables with management teams from listed and non-listed insurance companies. The team ranked 1st in Insurance in 2021 in the Institutional Investor (Extel) Survey.
Andreas van Embden joined Peel Hunt as an Insurance analyst in May 2015, previously having been part of the Insurance team at Cazenove and subsequently J.P Morgan covering UK and European Life & Non-Life Insurers. Prior to this, he worked at MeesPierson covering Dutch banks and insurers. He has an Economics degree from the University of Amsterdam. Andreas was ranked for Insurance in the 2021 Institutional Investor (Extel) Survey, and #2 Top Stock Picker in the Insurance category (United Kingdom and Ireland) in the 2020 Refinitiv StarMine Awards.
Life annuities/Life recession impact/valuation
UK Life insurers are likely to benefit from the pending Solvency II reforms as capital is freed up and margins widen as investments in
illiquid assets increase. However, the PRA has alluded to a balancing act between allowing for wider investment in illiquids and ensuring credit risk is kept in check.