Lloyd’s calls for state-backed ‘Black Swan’ reinsurance
Lloyd’s of London calls for state-backed ‘Black Swan’ reinsurance government-backed scheme to help businesses receive pay-outs after huge shocks.
Posts
Lloyd’s of London calls for state-backed ‘Black Swan’ reinsurance government-backed scheme to help businesses receive pay-outs after huge shocks.
Posts
Keep up with what has been happening this week in our latest actuary news round-up…
Lloyd’s of London have announced their plans to reopen their London headquarters and iconic underwriting room on September 1st.
Posts
UK business confidence matches 2008 low & more…Keep up with the latest business and actuarial news in our weekly round-up…
FERMA calls for new framework to address lack of business interruption insurance
The Federation of European Risk Management Associations (FERMA) has called on European Commission to create a resilience framework to address a “severe shortage” of business interruption insurance without physical damage.
Posts
XPS Pensions Group act against scams during the pandemic & more…Keep up to date with the latest actuarial news in our weekly round-up…
Coronavirus payouts to top $100B in biggest ever non-life insurance event: Lloyd’s CEO
Lloyd’s of London estimates that the industry will pay out $100 billion – yet another “unprecedented” number during this crisis.
Posts
Mercer launch free Financial Well-being hub & more…Keep up with what’s been happening this week in our latest actuary news round-up…
Demand for buy-in buy-out pension schemes to average £37bn for the next 10 years
New analysis from Hymans Robertson suggests that there is a demand for buy-in buy-out pension schemes; which is set to average £37bn a year, with around 50% of pension schemes reaching buy-out in the next 20 years.
Posts
COVID-19 Actuaries Response Group asks actuaries to volunteer & more…Keep up with what’s been happening this week in our latest actuary news round-up…
Zurich gender pay gap improved from 2018
Insurer, Zurich has published its UK gender pay gap figures for 2019; which shows an overall 2% increased improvement in their mean and median gender pay gap figures compared to 2018.
Posts
Capita to work with government to help provide COVID-19 testing sites & more…Keep up with what’s been happening this week in our latest actuary news round-up…
Forum for actuaries launched amidst pandemic crisis
A COVID-19 Actuaries Response Group forum for actuaries has been launched to bring actuarial professional together to help learn about how to respond to coronavirus.
Posts
Keep up with what’s been happening this week in our latest actuary news round-up…
Chief Executive John Neal has announced that Lloyd’s of London market will close its underwriting floors for a day to test emergency protocols due to coronavirus.
Posts
Keep up to date with the latest actuarial and finance news in our weekly round-up…
Insurer Prudential said it had appointed former banker and government minister baroness Shriti Vadera to chair its business.
Posts
Keep up to date with the latest actuarial and insurance news in our weekly round-up…
Aon reveals impact of the Australia fires on reinsurance
The ongoing Australia bushfires have burned across an extremely large area, but their reinsurance impact will likely not be as significant as some previous fires, according to global brokerage Aon.
Posts
UK master trusts ignoring climate duties & more…Keep up with what’s been happening this week in our last news round-up of the year…
Lloyd’s of London whistleblowing hotline was down for 16 months
The Bank of England is to begin monitoring Lloyd’s of London after it emerged that a whistleblowing hotline at the insurance market was out of service for almost a year and a half.
Posts
Keep up with the latest actuarial news in our weekly round-up…
Around a third of cyber security professionals believe that cyber insurance is a good thing.
Posts
Keep up to date with the latest actuarial news in our weekly round-up…
Workplace diversity and inclusion now a ‘commercial imperative’ for insurers
Insurance companies across the world now view diversity and inclusion as commercial concerns, rather than just new internal issues, new research has uncovered.
Posts
LCP plots takeover of KPMG pensions arm & more…Keep up to date with the latest actuarial and pensions news in our weekly round-up…
Queen’s speech scheduled for 14th October; pensions bill expected
A Queen’s Speech will take place on 14th October, increasing the prospect of the long-awaited pensions bill being introduced before the UK is expected to leave the EU on 31st October.
Posts
Keep up to date with the latest actuarial and finance news in our weekly round-up…
FTSE 350 pension deficits plummet
The UK’s largest listed companies have seen their pension deficits fall by almost a third over the last year, with nearly half of schemes now running a surplus.
Posts
Keep up with what’s been happening this week in our actuarial news round-up…
Employer contributions into defined contribution (DC) pension schemes at FTSE 100 companies have reached a record high, research from Willis Towers Watson has uncovered.
Posts
Insurance Giant Aviva to cut 1800 jobs & more…Keep up to date with what’s been happening this week in our actuarial news round-up…
American International Group, Inc has announced the consolidation of its assumed reinsurance operations; resulting in the establishment of global business AIG Re.
Posts
Legal & General selling general insurance business to Allianz for £242m…Keep up to date with the latest actuarial and business news in our weekly round-up…
Specialist commercial re/insurer International General Insurance (IGI) has joined GBN Worldwide; the global insurance network of insurance, reinsurers, independent brokers and speciality suppleirs.
Posts
Actuaries in the top 10 best careers & more…Keep up to date with the latest actuarial news in our weekly round-up…
Ernst & Young, one of the UK’s biggest graduate recruiters, has announced it will be removing the degree classification from its entry criteria, saying there is “no evidence” success at university correlates with achievement in later life.
Posts
Lords urge government to scrap triple lock & more…Keep up to date with the latest actuarial news round-up…
Californian insurance commissioner refuses to mandate climate risk disclosures
Californian insurers will not be forced to disclose their fossil fuel business after insurance commissioner Ricardo Lara yesterday rejected a petition from more than 60 public interest groups.
Posts
Keep up to date with the latest actuarial news in our weekly round-up…
A growing number of British-based businesses are prioritising cash flow, fearing a downturn, as their view of the long-term economic impact of Brexit has darkened to its most negative so far, accountancy firm Deloitte said on Monday.
Posts
Flawed hiring process for actuarial consultants uncovered…Keep up to date with the latest actuarial news in our weekly round-up…
Shareholders are preparing to rebel against pay policies at the Royal Bank of Scotland ahead of its annual general meeting; while chief executive Ross McEwan is set to pocket £350,000 in pension contributions.
Posts
Keep up to date with the latest actuarial news with our weekly round-up…
Communication named most desired quality in actuarial consultants
Communication skills are the most valued quality in actuarial consultants, a survey of 100 senior pension trustees has found; but many are finding this to be in short supply.
Posts