Put your trust in the insurers

Max King takes a look at the insurance sector, and tips some of the best funds to put your money in now.

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Natural disasters can mean big losses
(Image credit: blackwaterimages)

With the hurricane season drawing to a close, the reinsurance industry is breathing a sigh of relief. Hurricanes that come ashore in the US have historically been the biggest contributor to insurance industry losses from natural catastrophes, but claims in recent years and again in 2016 have been light. Global losses from natural catastrophes in 2015 were $37bn, well below the $62bn average of the previous ten years, estimates insurer Swiss Re. Losses in 2016 are unlikely to be much higher.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.