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

M&A market data shows first positive performance recorded in 3 years

Willis Towers Watson’s new M&A data has revealed that the M&A market has recorded its first positive performance in three years on completed deals despite any impacts the Covid-19 pandemic may have had on the industry in 2020.

Nearly half of pension fund trustees target buy out in long term goals

Hymans Robertson’s survey of 100 defined benefit pension scheme trustees has found the 49% of pension fund trustees are now aiming for a buy-out in the next couple of years, compared to only 15% of trustees aiming for a buy-out in the survey four years ago.

IFoA’s Resource and Environment Board rebrands

The Resource and Environment Board has rebranded as the Sustainability Board to better suit their objectives and growing focus on issues such as the UN Sustainable Development Goals.

Canadian hospitality businesses hit as insurance companies spike premiums

Hospitality businesses have already been affected by the Covid-10 pandemic; but now insurers are exiting from riskier businesses or raising premiums to improve their performance. Karen Ritchie, President of the Toronto Insurance Council has said that those at most risk of this are businesses that need coverage for accidents caused by alcohol-impaired clients.

The World Trade Organization will appoint first female boss

The World Trade Organization will appoint their first female Director-General for the first time in its 25-year history. They are now down to two potential bosses; South Korea’s Yoo Myung-hee and Nigeria’s Ngozi Okonjo-Iweala with a decision being made early next month.

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