Morgan Stanley initiated coverage of Selective Insurance (SIGI) with an Equal Weight rating and $105 price target The firm says a supportive pricing and macro environment is likely to persist for 2025 and beyond for the excess and surplus market, providing a tailwind for property and casualty companies that can demonstrate underwriting discipline and pricing power. The analyst prefers Kinsale, Ryan Specialty, and Brown & Brown in the group. Morgan Stanley expects pricing to remain supportive of growth in the excess and surplus market.
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Read More on SIGI:
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