HCC Insurance Holdings, Inc.
Even though insurance stocks are hardly exciting, they have performed quite well year-to-date, and many see the insurance industry as a possible outperformer for 2013. An investor who is thinking of investing in insurance companies this year, should certainly keep the following stocks into account.
As you already might know, the US Treasury recently recovered around $18 billion, from the disinvestment of the 553.8 million shares of American International Group (NYSE: AIG) at $32.50 per piece, with a profit of around $12.4 billion. A move that turned a four-year old bailout into substantial profit for the American taxpayers! Needless to say, the US government still holds around 22% stake in the company more »