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

Deaths in England & Wales 51% higher than 2019

The Continuous Mortality Investigation (CMI) have found that in the week before Christmas this year there were 51% more deaths than the same time in 2019 with 2,912 Covid-19 related death certificates between 19th – 25th December.

FTSE 350 pension deficit increased by nearly 50% in 2020

Analysis by Mercer, a consultancy firm, has found that the accounting deficit of defined benefit pension schemes at FTSE 350 firms was nearly double last years at £70bn in 2020 compared to £40bn in 2019.

Over half of insurers focusing on digital transformation due to the pandemic

It has been predicted that the insurance industry will have to continue and change to adapt to a more digital approach after the Covid-19 pandemic has cost the global insurance industry an estimated $203bn.

Management Directors announced for Redington’s investment consulting team

Redington has announced that Nick Horsfall and Andrew Drake were appointed as managing directors for their investment consulting team.

Davies Group acquires Northshore International

Davies Group, a UK-based firm aims to expand to the US insurance market with their new acquisition of Northshore International Insurance Services, a provider of audit, management, and consulting services.

UK may experience double-dip recession as GDP falls 2.6%

After six consecutive months of GDP growth, the monthly gross GDP fell in November by 2.6% after new Covid-19 restrictions have been put in place by the government.

New medical officer has been appointed at Legal & General

Legal & General has appointed Dr Tarun Gupta as their new medical officer where he will provide medical opinion on complex group risk cases and clinical issues.

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