Why Everyone Should Own These 4 Insurance Stocks in 2016

Shares of ACE Limited (ACE) rose over 4 percent last year and the property and casualty insurer could enjoy another market-beating year in 2016.
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Shares of ACE Limited (ACE) rose over 4 percent last year and the property and casualty insurer could enjoy another market-beating year in 2016 due to its ability to grow its top line, said Cathy Seifert, equity analyst at S&P Capital IQ. 'Growth in 2016 is also going to be aided by their pending acquisition of Chubb (CB) which also gives them an attractive franchise in the high-end personal lines market,' said Seifert. ACE announced its plans to acquire Chubb for $28.3 billion in cash and stock last summer. Seifert is also bullish on Everest Re Group (RE), which saw its shares rise 8.5 percent in 2015. Seifert said consolidation in the mid-cap reinsurance space could help Everest’s stock climb to new heights in the coming year. She said all the mergers are providing that group with a significant tailwind and Everest will participate in that trend. Shares of Travelers (TRV) jumped 7 percent in 2015. Seifert said the insurance giant is not an 'exciting' company, but is very well run and could offer another strong year of returns in 2016. TheStreet's Gregg Greenberg has details from New York.