By Michael Loney

May 27 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co fell 2.4% last week, with all 12 of its groups falling, although it beat all the broad market indices.

Stonybrook and Weild highlighted “a sea of red in global equity and debt markets" last week, including all major US stock indices sliding back into year-to-date loss territory.

The Dow Jones Industrial Average ended the week down 2.5%, the S&P 500 was down 2.6%, the Nasdaq 100 was down 2.4% and the Russell 2000 was down 3.5%.

In addition, the 30-year Treasury yield jumped 11 basis points to nearly hit a 20-year high, foreign equity markets also fell and the VIX “fear index” rose 10% in the week to close at 22.29.

Stonybrook and Weild highlighted “unsettling” news in the week.

This included a disappointing 20-year T-bond auction, poor inflation news from the UK and leaked plans for an Israeli strike on Iran’s nuclear program.

Friday brought news of higher U.S. budget deficit projections following the House’s passage of the President Trump’s “Big Beautiful Bill” budget and ended with a U.S. threat of a 50% tariff on the EU.

“Investors’ diminished appetite for U.S. debt limits the Fed’s ability to cut rates in the near term. Both the Fed and market analysts warn of the potential for a future market crisis if deficits continue to rise long-term,” Stonybrook and Wield commented.

More positively, Stonybrook and Weild said that in the insurance space “we remain bullish about the IPO market, especially for carriers”.

They noted that Aspen and American Integrity both significantly outperformed their peers since launching two weeks ago, and that last week ended with Slide Insurance Holdings filing to be the third carrier IPO of the year.

Stonybrook and Weild continued that “additional names are in the queue ready to show their solid Q1 results”.

In the North America insurance composite all 12 groups fell last week, and advancers this week trailed decliners by 19 to 91.

The two best performing groups were insurance service providers, which fell 0.4%, and specialty commercial insurers, which was down 1.0%.

The worst-performing group was title insurers, down 7.8%.

The Stonybrook-Weild North American Insurance composite is up 7.0% on a year-to-date basis.

In this article, we have included a selection of industry comp tables published in full by Stonybrook and Weild & Co in their weekly update.