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

 

Almost half of US and UK firms expect recession in 2020

Just under half of the US and UK firms expect their country to go into recession this year, although Chinese companies predict solid growth, a global survey of senior executives has uncovered.

Suncorp and IAG temporarily stop selling insurance in fire-affected areas of Victoria and NSW

Two of Australia’s biggest insurers, Suncorp and IAG, have temporarily stopped selling insurance policies across large swathes of Victoria and some areas in New South Wales affected by bushfires.

More than third of SMEs increase insurance for Brexit – Premium Credit

More than one in three small-to-medium-sized businesses (SMEs) (34%) plan to increase their stockpiling this year ahead of Brexit, with consequently more than a third increasing their insurance penetration.

Insurers secure top brand listing for cutting fossil fuel ties

The finance sector is a top performer in SIGWATCH’s ranking of brands most praised by activist organisations (NGOs ) for the second year in a row, due in large part to leading insurers’ pledges to divest from coal.

Reinsurance pricing momentum to be carried forward in 2020: S&P

Analysts at S&P Global Ratings believe that the positive reinsurance pricing momentum seen at the recent January renewals is likely to be carried forward into the other upcoming renewals in 2020.

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