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

 

UK would lose £130bn in growth in Brexit deal passed, figures suggest

Britain is on course to sacrifice as much as £130bn in lost GDP growth over the next 15 years if the Brexit deal goes ahead, according to government figures.

Almost half a million UK businesses in distress

There are now 40% more UK businesses in financial distress since the 2016 EU referendum, according to Begbies Traynor.

Almost half of global reinsurance market restricts cover for coal sector

Nearly half of the global reinsurance market is now limiting services for the coal sector after AXIS Capital yesterday became the second US insurer to announce restrictions.

Queen’s Speech confirms pension schemes bill for TPR and dashboards

A pension schemes bill is set to be laid in parliament in the coming weeks after the government announced a wide-ranging suite of reforms in the Queen’s Speech this week.

Brexit may spur more deals in legacy general insurance policies

Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy up and manage policies closed to new customers.

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