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Mix-Ansicht- NY Att.Gen Spitzer: Versicherungen sind korrupt! - Rück-Vers. sacken ab - off-shore-trader, 15.10.2004, 13:40
- Versicherungen sind korrupt! - und Banken korrupter! - Emerald, 15.10.2004, 13:47
NY Att.Gen Spitzer: Versicherungen sind korrupt! - Rück-Vers. sacken ab
-->European Insurance Stocks Slump as Spitzer Sues Marsh (Update1) Listen
Oct. 15 (Bloomberg) -- European insurance stocks dropped, led by Munich Re, following allegations by New York Attorney General Eliot Spitzer that Marsh & McLennan Cos., the world's largest insurance broker, took ``lucrative payoffs'' for steering unsuspecting clients to some insurers including Munich Re.
Shares of Munich Re, the world's biggest reinsurer, fell as much as 5.1 percent to 73.24 euros, while Zurich Financial Services AG shares declined as much as 4.9 percent to 166 Swiss Francs. Swiss Reinsurance Co. fell as much as 4.2 percent to 71.85 francs.
``This is very bad news for investors who already had lost quite a lot of confidence in the sector,'' said Marc Effgen, who helps manage about $13 billion at Ferrier Lullin & Cie. in Geneva, including shares of Munich Re, Swiss Re and Zurich Financial. ``These kinds of stories will not help restore confidence.''
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<ul> ~ http://quote.bloomberg.com/apps/news?pid=10000100&sid=aPfwduarjsRo&refer=germany</ul>
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