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Insurers likely to miss out on European Central Bank-ignited market rally

May 21, 2014 - 6:00am


European insurers would probably miss out on any market rally triggered by the European Central Bank's loosening of policy in June 2014, Reuters reported.

Morgan Stanley European equity strategist Graham Secker said that if ECB quantitative easing "were to drive bond yields materially lower, this would be a negative for the insurance sector."

Capital requirements for insurers under Solvency II have caused them to cut back on their equity holdings, reports Reuters.

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