European insurer stocks decline on Greek fears
Shares in the major European insurers fell today (30 January) against the backdrop of a European Union leaders' summit on the Eurozone crisis and further negative rating action by Standard & Poor's (S&P).
By early afternoon, Generali's share price was down by 2.82 percent on 30 January at EUR12.07, after S&P downgraded the firm for the second time in a few weeks from A+ to A late last week.
S&P cited the group's reduced capital adequacy amid the ongoing uncertainty...
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