Insurers’ image change in eye of investors

Legal & General has been the talk of the City. Bid rumours have been seen as the driving force behind the life assurer’s 7.9 per cent share price gain.

But beneath the chatter, L&G has just been keeping pace with some of its peers. Aviva and Standard Life have also seen sharp moves, with the former up 8.1 per cent this week and the latter up 3.9 per cent.