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


Government borrowing hits five-year high amid election spending vows

Government borrowing has risen to its highest October level in five years amid evidence that the slowing of the economy, increased spending and Brexit preparations have taken its toll on Britain’s finances.

‘Speak up’: Lloyd’s takes harassment crackdown to pubs

In its latest attempt by Lloyd’s to stamp out a culture of sexism and bullying at the market, the City institution decided to put posters up in the toilets of nearby pubs including The Grapes and The New Moon.

Allstate estimates $237mn of catastrophe losses for October

The Allstate Corporation has announced pre-tax catastrophe losses of $237 million for the month of October.

Investors underwhelmed by Aviva’s restructuring plans

Shares in Aviva slipped on Wednesday after the insurer announced plans to restructure its business and sell of its Hong Kong division in a bid to revive investor interest in the group

Insurance firms among top cyber security investors

Finance and insurance firms invested more in cyber security last year than companies from any other sector, analysis of UK government data has found.

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