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

 

UK banks ‘prepared for Brexit and trade war fall-out’

The Bank of England says the UK banking system is still resilient to the financial impact of a worst-case disorderly Brexit.

Donald Trump: Bitcoin and cryptocurrencies aren’t money

The US president said he’s not a fan of Facebook’s Libra, and demands digital coin companies seek a banking charter.

Swiss Re pulls £3bn IPO of UK life insurance unit ReAssure

Swiss Re has pulled the £3bn flotation of ReAssure, its UK life insurance business, blaming weak investor demand.

Traditional sector drives rebound in global reinsurance capital: Aon

Global, dedicated reinsurance capital increased by 3% in the first-quarter of 2019 to $605 billion, driven by growth in the traditional sector which more than offset a decline in alternative reinsurance capital.

Norwegian insurer set to lose £6.9m over Grenfell ruling

Protector Forsikring loses case that Munich Re should pick up most of the Grenfell cost through reinsurance programme.

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