(Re)insurers enjoy QE3 boost to share prices
Click to enlarge US and Bermudian (re)insurers climbed strongly last week as the US Federal Reserve unveiled its latest round of monetary stimulus, dubbed QE3.
The latest round of central bank activism will see the Fed purchase $40bn of mortgage-backed securities a month. The bank also extended its pledge to maintain its accommodative policy on interest rates into 2015 and to continue its Operation Twist programme.
Endurance was the biggest beneficiary of a...
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