French and UK exchanges see insurers’ share prices rise
European insurer share prices rose again yesterday with the FT reporting that analysts believe insurers could lead a sustained share price rally, and The Telegraph said UK insurers were leading the UK Stock Exchanges defences.
Europe’s top two insurers Allianz and Axa both saw rises yesterday.
- Allianz rose 2.2% to €54.52
- AXA rose 7.7% to €7.60, adding 4 points to a 10 point rise in the French CAC 40 index, which gained 0.4% to 2,674.2.
- In London, Legal & General and Aviva both rose 8.2%
