Unless you have recently returned from a long holiday in Antarctica, you will probably have noticed that the insurance sector is going through what analysts might euphemistically term a ‘rough patch’. The turmoil in global stock markets – since 2000, the Dow has fallen 30% and the FTSE is down 51% – has left insurance companies with greatly reduced assets to meet their liabilities.
Equity troubles have affected insurance companies across the board: both life assurers and non-life companies f
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