Keep up with what’s been happening this week in our latest insurance news round-up…
Bupa has released their financial report earlier this week which shows that the insurer and healthcare group suffered a statutory pre-tax loss of £78 million this year which may be a result of the goodwill impairments in its Australian aged care and UK dental businesses.
The Pension Protection Fund (PPF) will not be able to protect 1,350 Flybe employees under the UK’s lifeboat scheme, who are in the British Regional Airlines Group pension scheme which is located outside of PPF’s jurisdiction.
The Association of British Insurers say that business insurance policies may be unlikely to cover insurance losses due to coronavirus despite the government announcing that they will declare COVID-19 as a ‘notifiable disease’, a classification required by most insurance policies.
Insurance firm, Admiral is to become the second FTSE 100 firm to have women as CEO and chair as they appoint their first female chief this week.
Andrew Bailey has been approved by The Treasury Committee to be appointed as governor of the Bank of England despite MPs supporting a campaign to review his suitability for the role after his term as CEO of the FCA.