Royal & Sun Alliance's shares hit an all time low this morning of 91 pence as fears increased over its need to raise extra capital.
One year ago, the company was valued at 400 pence a share. Today's fall reduced the company's value to just £1.3bn.
Since 10am the troubled insurer's stock has risen to 97 pence, a rise of 2.65% on the previous day.
RSA has been the worst performer in the FTSE 100 this year, with its shares losing 77% of their value since the start of the year.
The insurer recently declared that it would decide by 7 November on its capital raising plans, and whether it would seek a rights issue.
Observers have blamed RSA's troubles on its on-going search for a new chief executive and loss of business due to recently restructured UK operations.
