Capital markets are still trying to find solid ground. Equity values are depressed both generally and for the (re)insurance industry specifically. The FTSE 100 and S&P 500 indices are down approximately 15 percent year-over-year (measured from 2007H1 to 2008H1). The Dow Jones Euro STOXX 50’s decline of 25 percent is more precipitous, but it is not as severe as the 34 percent plunge of the Dow Jones Insurance STOXX 600.
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