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

Markets slide after recession fears sparked sell-off

Markets in Europe slid on Thursday following a turbulent day on US and Asian stock exchanges, fuelled by investor fears of a global recession.

Top US bosses earn 278 times more than their employees

Chief executives earned an average $17.2m each last year and their pay grew more than 1000% since 1978, survey finds.

FTSE 350 pension deficits plummet

The UK’s largest listed companies have seen their pension deficits fall by almost a third over the last year, with nearly half of schemes now running a surplus.

NGOs urge Marsh, Aon to withdraw as coal advisers

Environmental NGOs are asking brokers Marsh Inc. and Aon PLC to withdraw as advisers to a proposed $2.6 billion Vietnamese coal-fired power station.

Prudential outlines demerger date as first-half profits rise

Britain’s biggest insurer Prudential said this morning that its highly anticipated demerger will take place this year, as it also reported a double-digit rise in profits for the first half of 2019.