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

 

Confidence among UK business leaders falls after months of gains

UK bosses were markedly more pessimistic about the economy in May than a month earlier, a new survey has shown, ending a trend of rising confidence levels since the start of the year.

Up to 3,000 betting shops to close

William Hill’s decision to close 700 shops could be the beginning of a wave of High Street betting shop closures, an analyst has warned.

Chubb becomes first major US insurer to announce coal sector restrictions

Chubb has become the first major US insurer to announce investment and underwriting restrictions on the coal industry after growing pressure from environmental groups.

Insurance giants in talks to buyout £10.5bn British Steel Pension Scheme

The board of the £10.5bn British Steel Pension Scheme (BSPS) are in talks with a number of insurance giants to sell it.

Lloyd’s set to tighten third party oversight rules in 2020

Insurance and reinsurance marketplace Lloyd’s of London has announced that it plans to make significant changes to its framework for third party oversight, which will come into effect from Q1 2020.

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