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

 

Future of 1p and 2p coins secured ‘for years to come’

The UK Treasury has reprieved 1p and 2p coins, saying they will continue to be used “for years to come”.

UK economy ‘treading water’ as services sector struggles back to marginal growth

Britain’s services sector improved just enough to return to growth last month after shrinking in March, but the economy remained “more or less stalled” according to analysts.

Allianz to buy L & G home insurance

Allianz is in talks to buy Legal & General’s general insurance arm, according to reports. L&G put up its home insurance business unit up for sale last year after disappointing figures.

WorldCover raises $6M round for emerging markets climate insurance

WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised $6million Series A round led by MS&AD Ventures.

Aon: reinsurance ‘resilient’ despite unprecedented nat cat losses in 2018, 2017

Reinsurance sector earnings have remained buoyant in the face of unprecedented natural catastrophe losses over the past two years, Aon’s Reinsurance Aggregate report has found.

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