Keep up to date with the latest insurance and finance news in our weekly round-up…
The UK Treasury has reprieved 1p and 2p coins, saying they will continue to be used “for years to come”.
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 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, a New York and Africa-based climate insurance provider to smallholder farmers, has raised $6million Series A round led by MS&AD Ventures.
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.