Keep up with what’s been happening this week in our insurance news round-up…

 

UK would lose £130bn in growth in Brexit deal passed, figures suggest

Britain is on course to sacrifice as much as £130bn in lost GDP growth over the next 15 years if the Brexit deal goes ahead, according to government figures.

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.

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