(Re)insurance stocks slump once again on renewed Eurozone fears
(Re)insurance stocks tumbled on Monday as investors fretted over a potential international bailout for Spain and a possible exit of Greece from the euro.
Spanish government 10-year borrowing costs surged, extending the climb that began on Friday (20 July) to reach 7.5 percent as The Insurance Insider went to press - a euro era record.
A yield of above 7 percent is widely thought to make it unsustainable for a government to finance itself, and a similar debt yield prompted...
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