2012 resurgence in insurer stocks comes to a shuddering halt as investors fear disorderly Greek default
AXA’s share price tumbled 4.83% yesterday, leading the way in a bloody day for insurer stocks as the eurozone crisis reared its head once again.
Aviva plummeted 4.68% and Allianz fell 3.75%.
The Institute of International Finance believes that a disorderly Greek default could trigger €1 trillion of euro losses and suck Spain and Italy back into the quagmire.
The Greek government is fighting to get bondholders to accept a voluntary writedown on their assets. Such an agreement would also avoid triggering insurance payouts in the form of derivative instruments called credit default swaps (CDS).
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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