Shares in Europe's biggest insurer ING have fallen by 5% after its chief executive told Reuters the company could be forced to boost solvency.

The fall in ING's share price was caused when the Dutch stock market fell by 10%.

The share price was down 3.58% after ING chief executive Ewald Kist said a further slump could have an adverse impact on ING's insurance and banking units' solvency ratios.

A Dutch analyst was reported as saying: "This is just the kind of things that markets don't want to hear right now. ING has already increased its solvency and is worrying already that it may have to do it again."

Topics