Why This Insurance Stock Should Thrive During a Recession
With inflation still rising and the Federal Reserve jacking up interest rates, many economists maintain that a recession is likely. Most recently, analysts at Bank of America (NYSE: BAC) called for a "mild recession" last week.
While economic downturns are not great for many stocks, there are some companies that are more recession-proof than others. One of them is Markel Corp. (NYSE: MKL), an insurance company that is also a holding company for two investment businesses. Here's why Markel should thrive during a recession.
Markel is technically an insurance company, as it offers specialty insurance and reinsurance. But it is also more than that.
Source Fool.com
