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

 

RBS profits more than double £1.6bn

The Royal Bank of Scotland records second consecutive year of profit since its £45bn state bailout in 2008.

 Barclays says it has spent up to £200 million on Brexit

UK chairman Gerry Grimstone said on Wednesday that the bank has spent £100-200 million moving operations and staff out of Britain to prepare for Brexit.

German insurance giant Allianz unveils record €11.5bn profit

Allianz said today that its operating profit for 2018 was €11.5bn (£10.1bn), the highest in its history.

Half of business leaders fear they are unprepared for cyber attacks

Just half of senior executives and managers in the UK believe their organisations have good strategies in place to deal with cyberattacks, new research has revealed.

Insurers urged to take three-step approach to IFRS 17

Successful implementations of the incoming accounting standard IFRS 17 have taken a three-step approach, with rushed projects resulting in suboptimal results and increased efforts.

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