Keep up with what has been happening this week in our latest actuary news round-up…
Mercer has launched their analytics and advice solution called Analytics for Climate Transition (ACT) for investors looking to move into the 1.5 global warming scenario mention in the Paris Agreement.
Willis Towers Watson has announced that they have acquired Acclimatise, the market leader in climate change adaptation advisory and analytics services in order to help client to address climate issues across different types of risks.
Just Group has completed a buy-in transaction covering around £100m of pensions liabilities with the trustees of the Baker Hughes (UK) Pension Plan.
Some insurance companies have been deducting grant payments; after the Government set up the Small Business Grant Fund to support businesses through the lockdown. Because of this those behind the #justpayit campaign have now called for the Treasury to take action against insurers that are deducting government grants from pay-outs.
RSA Insurance is in talks with Canadian insurer Intact and Danish insurer Tryg in a £7bn takeover deal which can lead to the break-up of one of the FTSE 100’s oldest companies. They received an offer after their shares increased by 46% after reports of a possible deal.
To address an anticipated skills gap in upcoming years, Zurich has invested £1 million in a workforce retraining programme; which aims to upskill around 3,000 UK employees for data literacy and tech-driven competencies in the next five years.