Insurance companies are in something of a state of flux.
Life insurers are higher, largely due to a recovery in the share price of Prudential, which fell on Monday and yesterday after it confirmed it has agreed a deal to buy troubled US life group AIG's Asian business for $35.5bn.
The acquisition will be funded by a $20bn rights issue, the largest ever seen in the UK. The terms of the issue will be announced with the prospectus in April.
The Pru is joined higher by Legal & General.
RSA Insurance is dragging the non-life insurance sector lower after the company said yesterday that it expects to make around £30m in payouts as a result of the Chilean earthquake.
Top performing sectors so far today
Forestry & Paper 4,523.97 +3.47%
Life Insurance 3,569.08 +2.74%
Mining 22,419.49 +1.61%
Chemicals 4,947.69 +1.43%
Mobile Telecommunications 3,421.38 +1.36%
Bottom performing sectors so far today
Insurance (non-life) 1,364.97 -1.74%
Industrial Transportation 1,975.39 -1.64%
Construction & Materials 3,525.87 -1.16%
Beverages 8,175.65 -0.87%
Automobiles & Parts 2,707.48 -0.77%
Sector review from ShareCast
Sector movers: Insurers move both ways
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Market latest
FTSE 100 | FTSE 250 | All Share
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+0.33% |
| FTSE 250 | 11,234.57 | |
+0.65% |
| FTSE All Share | 3,046.11 | |
+0.39% |
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Hang Seng disclaimer l Prices delayed by at least 15 minutes
FTSE 100
| AMEC plc | 1110.00 | |
+3.64% |
| BG Group plc | 1491.50 | |
+3.15% |
| Petrofac | 1517.00 | |
+3.13% |
| Schroders plc | 1650.00 | |
+2.48% |
| Admiral Group | 985.00 | |
+2.13% |
| Tate & Lyle plc | 672.50 | |
-3.24% |
| Evraz plc | 428.80 | |
-2.99% |
| British Land Co plc | 497.00 | |
-2.17% |
| ICAP Plc | 381.40 | |
-1.95% |
| Rolls Royce Holdings Plc | 770.00 | |
-1.91% |
| Lloyds Banking Group plc | 253,030,158 |
| Royal Bank of Scotland | 121,821,342 |
| Vodafone Group Plc | 118,819,990 |
| Barclays plc | 49,916,259 |
| Centrica Plc | 27,408,245 |
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