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December 30, 2004
Insurance stocks stabilise after tsunami worries
A growing perception that leading insurers will not be hit hard by claims related to the tsunami catastrophe in south Asia provided a floor under European insurance shares on Wednesday.
"There is a chorus of insurers saying that, for them financially, the damage will not be immense," said a Duesseldorf-based analyst. "That enables the market to calm down somewhat."
Posted by Tom Troceen