Keep up to date with the latest actuarial and business news in our weekly round-up…

 

Debenhams secures £200m lifeline with lenders

Struggling department store chain Debenhams has agreed £200m refinancing lifeline with lenders. The deal offered “reassurance” for employees, pension holders, suppliers and lenders, it said.

Wow Air: half of UK travel policies do not cover airline failure

As the Icelandic budget career closes, analysis reveals that almost 50% of insurance policies do not protect against airlines going bust.

RBS chief’s £350k a year pension faces shareholder rebellion

Shareholders are preparing to rebel against pay policies at the Royal Bank of Scotland ahead of its annual general meeting, as chief executive Ross McEwan is set to pocket some £350,000 in pension contributions.

Lloyd’s of London threatens lifetime ban for harassment

John Neal, who became Lloyd’s of London CEO last year, announced immediate measures to address issues of harassment in the 331-year-old insurance market.

‘Fundamentally flawed’ hiring process for actuarial consultants uncovered

Life insurers are failing to find value for money in actuarial consultants due to “intrinsic” weaknesses in the hiring process, a survey by Barnett Waddingham has uncovered.

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