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

 

UK economy facing ‘heightened risk of recession’

The UK’s economy may have tipped into recession following a downturn in the dominant service sector, according to closely-watched figures.

Worst September in eight years for high street sales

Last month was the worst September on the high street in eight years as sales in bricks and mortar stores plummeted, according to the data published today by BDO.

Six million insurance customers are being hit by ‘loyalty penalty’

Six million home and motor insurance policy holders are overpaying a combined £1.2bn in annual premiums because insurance firms are not giving good deals to loyal customers.

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.

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