Quarter of UK pension schemes unprepared for cyber attack & more…Keep up to date with the latest (and most interesting) insurance news with our round-up…

Aon calls for further changes to reinsurance under IFRS 17

The Reinsurance Solutions business of Aon, the global re/insurance brokerage, has called for further changes to the way reinsurance will be reported under International Financial Reporting Standard (IFRS) 17.

Almost half of global reinsurance market restricts cover for coal sector

Nearly half of the global reinsurance market is now limiting services for the coal sector after AXIS Capital yesterday became the second US insurer to announce restrictions.

Brexit may spur more deals in legacy general insurance policies

Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy up and manage policies closed to new customers.

CII launches new underwriting society

The Chartered Insurance Institute (CII) has launched the Society of Underwriting Professionals. The new society is designed to provide technical advice and support to underwriting professionals as well as relevant and accessible support for their professional development.

Quarter of UK pension schemes unprepared for cyber attack: Aon

Almost a quarter of trustees of UK pension schemes have still had no training on the risk of cyber crime, according to a new survey by re/insurance brokerage Aon.

Allianz CEO denies interest in acquiring Aviva unit

In an interview with the Financial Times, Allianz chief executive Oliver Bäte clarified that Allianz had no interest in snapping up the Singapore operations of Aviva.

Lloyd’s of London sets out electronic modernisation drive

Lloyd’s of London has unveiled plans for an electronic risk exchange as part of a sweeping company overhaul aimed at modernising the 331-year-old marketplace.