Keep up with what has been happening this week in our latest actuary news round-up…

The London Fund secured £100m investment from the London Pensions Fund Authority (LPFA)

The London fund was set up to help improve the quality of life for London communities by focusing on developing affordable housing, community regeneration and clean energy. It has a target offering of 300m and it has completed its first close after receiving £100m investment from the LPFA.

Aon Retirement Plan completes £510m pensioner buy in

The Aon Retirement Plan has completed a £510m pension buy-in; whilst the BBC Pension Scheme completes a longevity sway that covers over £3bn of pension liabilities with Zurich Life as the insurer in the transaction.

LV= to be sold to Bain Capital for £530m

The life insurance company, LV=, has announced that it will be selling its savings & retirement and protection businesses to Bain Capital for £530m making it no longer owned by its members.

Allianz warn of new risks for businesses due to Covid-19 pandemic

According to a report by Allianz, they have highly dangerous and uncertain work environments for business; such as growing cyber security threats will increase some of the risks that directors and offices could be held liable for in the new year.

Willis Towers Watson announce partnership with Polecat Intelligence

Willis Towers Watson have partnered with Polecat intelligence to developing insurance solutions for a rapidly changing and complex risks. Polecat will be able to provide WTW with their Artificial Intelligence and Machine Learning to provide real-time risk insight.