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However it hasn't been easy, Gaze described her venture as a "resilience test".
There have been rumours that the FSA is planning to relax the resilience test further.
The FSA can relax the statutory solvency requirement for insurers the "resilience test" which is intended to ensure that insurers have enough assets to cover their liabilities if it is worried about the markets.
The Financial Services Authority FSAA) provided some breathing space on June 28th by relaxing the resilience test used to determine the capacity of life insurers' investment portfolios to absorb losses.
The resilience test has already been relaxed three times in the past year, and there is room to relax it further.It is managers and investors, not the government, who should learn from the insurers' troubles.
In order to avoid forcing an even larger sell-off than has anyway happened, it has relaxed its so-called "resilience" test, which is intended to guarantee that insurers have enough assets to cover their liabilities, three times over the past 18 months.
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Now, with the Giants in the World Series, many, well into their 70s and 80s, have found their resilience tested again.
The Islanders had their resilience tested in Sunday's roller-coaster game in which they took a quick 2-0 lead only for it to dissolve into a 3-2 deficit by the first intermission.
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