Alea stock hit by concerns about inadequate loss reserves

S&P downgrade came only weeks after Alea chief executive announced in trading statement that company had never been stronger financially.

Alea stock hit by concerns about inadequate loss reserves

Price movement was again largely positive for the insurance stocks monitored by WIR over the fortnight to 23 June. Bermuda-based specialty insurer and reinsurer Alea recorded the biggest decline, falling by about 9% to 167p, while French composite insurer Axa registered the highest gain, rising by 6% to €21.13.