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.

UK master trusts ignoring climate duties

Most of the UK’s biggest pension schemes are ignoring new regulations by failing to directly engage with large investee companies on their role tackling climate change.

AXA XL shakes up reinsurance leadership line-up

AXA XL has revealed that it has made several changes to its reinsurance leadership team. A release explained that the changes are part of AXA XL Reinsurance’s simplified organisational structure, first announced in September.

LV looks to Zurich for new CEO

Provider LV has appointed Mark Hartigan as chief executive, who was part of the senior leadership team at Zurich in the past 10 years.

Bank of England to set up climate change stress tests

The UK’s top banks and insurers may be tested together in 2021 for the financial impact of climate change, according to a new Bank of England paper.