Insurance stocks in Latin America continue to fall as worries mount over the pain of plunging oil prices. The market finished in red on Monday, May 16, 2016, amid a renewed decline in oil prices, a sharp fall in mining stocks and a mixed set of earnings capped gains in the region. Leading US insurance players monitored by Mergent posted a 20% drop in their average market share price — from May 19, 2015 — and only one out of four leading insurance companies tracked grew, that being Sul America SA. Just how much trouble insurers in Latin America may be facing in what could be the third consecutive year of falling stock prices is unclear.
Full material is published in the Mergent Industry Reports
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