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

 

Financial markets surge after £87bn Chinese cash increase

Financial markets around the world have started this year on a high, with stocks rallying in Europe and setting fresh records on Wall Street as optimism grows over the improving global economic outlook.

Energy firms to pay £10.5m over August power cut

Three energy firms are to pay a total of £10.5m following August’s power cut that left over a million people without electricity and caused travel chaos.

ESG now top priority for millennial investors

Environmental, social and governance (ESG) considerations are now the top priority for millennial investors worldwide, research from the deVere Group has uncovered.

Allianz completes purchase of LV General Insurance Group

Allianz Holdings plc has completed the acquisition of the remaining 51% of the LV General Insurance Group from Liverpool Victoria Friendly Society.

Reinsurance prices hold steady despite increasing cost of natural disasters

Prices for reinsurance contract renewals have not significantly increased despite rising costs from a broad range of natural disasters over the last few years, according to a Financial Times report.

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