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Market analysts pessimistic over insurers' 2006 growth prospects

Analyst Keefe Bruyette and Woods has reduced its European insurance sector rating outlook to underweight from Neutral, claiming last year's performance is unlikely to be repeated in 2006.

In a statement, KBW said: "We reduce our rating for the European insurance sector to Underweight from Neutral. Without being excessively negative on the fundamental drivers for the whole of 2006, we

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Axa Partners hit with FCA limitations

Following the Which? super complaint, the Financial Conduct Authority has told Axa Partners UK it cannot grow its current customer base without written permission from the regulator.

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