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

 

Bank of England governor hints at interest rate cut

Mark Carney has dropped a hint that interest rates could be cut soon to boost the British economy, while warning that the Bank of England is running low on ways to combat recessions.

European pension funds facing prolonged low-yield environment

The risk of a prolonged low-yield environment has intensified in the last six months and remains the key challenge for European insurers and pension funds.

Insured bushfire losses jump to $645m in Australia

Re/insurance industry losses from the catastrophic bushfires still burning through southeastern Australia continue to increase, with the Insurance Council of Australia (ICA) now estimating total insured losses at US $645 million.

Landmark vegan case threatens to disrupt pensions industry

A landmark ruling finding veganism a philosophical belief will have a wider impact on the pensions industry, experts have said, as they warned trustees against knee-jerk reactions.

Insurance group reveals Lloyd’s of London exit

Neon Underwriting will see the start of a new decade as the managing agency’s end, as it becomes the latest Lloyd’s of London insurer to be placed into run-off.

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