Insurer jitters - Insurers on the defensive
The sector's traditional counter-cycle is no longer a sure thing, writes Andrew Tjaardstra
Despite wide financial turmoil, so far the UK's insurance profession has managed to survive without any major losses, although some insurers have been burned around the edges by dramatic falls in their investment portfolios.
AIG and Fortis have seen their parent banks capitulate to government aid after bad deals in other parts of their respective businesses, yet both insist that their UK arms are well capitalised and in a position of strength.
The Bank of England signalled an alarm in late
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