Insurance stocks slump in gloomy week for equities
Bermudian reinsurers slump 3.1% while other North American stocks fall 2.3% and brokers decline 3.3% in the week to May 29, while Lloyd’s stocks fall 1.1% and European insurance stocks slip 0.9%
Stocks fall 1.9% on average as inflation fears spook investors, but Swiss Re shares continue to climb