Insurers Lead European Shares Higher After Hurricane Irma Downgrade

www.oann.com | 6/29/2015 | Staff
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MILAN (Reuters) – European shares rose on Monday in early deals, led higher by insurers as the downgrade of Hurricane Irma in the United States raised expectations that costs for the industry may be lower than initially feared.

Europe’s insurance index was the biggest sectoral gainer, up 1.6 percent after the estimated insured loss in the U.S. resulting from Irma was cut to $20-40 billion.

Gainers - Sector

Among top gainers in the sector were German...
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