The perfect match

With FX volatility scaling vertiginous heights, multinational insurers are looking to address currency risk. But does having business in so many countries diversify or exacerbate exposure? Laurie Carver reports

Currency trading is notoriously a zero sum game - with no dividend on pounds or dollars, the only way to make a profit is to take value from somewhere else. And some currencies have been on the sharp end of serious losses in the past 12 months as the global slowdown hits currencies functioning as a proxy for the financial health of the countries behind them.

The fall of the rouble in the past few