Citigroup launches coverage on insurance names

Reinsurers: Started with a Buy is AON, started with Neutrals are ACE and RenaissanceRe (RNR), and started at Sell are Axis Capital (AXS) and XL Group.

Others: Started at Neutral are Allstate (ALL), Arthur J. Gallagher (AJG), Marsh & McLennan (MMC), and Progressive (PGR), and started at Sell are Chubb (CB) and Travelers (TRV).

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