Market loses ground but sense of optimism remains

With a few notable exceptions, the values of the insurance and reinsurance stocks tracked by WIR generally declined over the two week period ending 14th May. However, the deterioration was nowhere near as steep as during the first two, traumatic months of the year. And, amidst the falls, there were also significant gains, particularly by AIG and Swiss Re, the two insurance/reinsurance stocks most publicly impacted by the global financial crisis.