Insurance stocks worldwide took a big hit today in anticipation of lower future payouts following the huge earthquake and tsunami which hit Japan overnight.
In London, Prudential fell by 2.18%, RSA Insurance dropped 2.12%, Aviva fell 1.28% while Admiral slumped 1.60%. In Frankfurt, insurers Munich Re fell by 5.2%, while Allianz fell by 2.5% and Swiss...
0.25% charge on £100,000 investment
Sector launched in April this year
Targeting €1trn AUM by end of 2020
Groups firming up plans
Managed by Jeff Kernagis