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Insurance firms' shares rally despite City watchdog inquiry

Shares in a number of insurance firms have recovered slightly since tumbling this morning after the City watchdog , the Financial Conduct Authority, announced plans to start an investigation into 30 million policies sold between the 1970s and 2000.

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Insurance firm shares rally after early shock

Shares in a number of insurance firms have recovered slightly since tumbling this morning in the wake of the Financial Conduct Authority's announcement of an investigation into 30 million policies.

Performance since the start of the day for a handful of companies is as follows:

  • Resolution was down 7.10%
  • Standard Life was down 1.55%
  • Aviva was down 2.75%
  • Legal & General was down 3.67%
  • Prudential was down 3.03%

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