The cost of insuring against default by Europe's largest
(re)insurers dropped rapidly at the end of last week after European
Central Bank president Mario Draghi inspired hope of more activist
central bank policies.
The cost of a credit default swap (CDS) for Italian insurance giant Generali fell from 421 basis points (bps) on Tuesday 24 July to 385bps by the end of the week, according to data supplied by Markit, the financial information services company.
A credit default insures the...
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