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

FCA outlines expectations for GI firms amidst COVID-19 pandemic

The Financial Conduct Authority (FCA) has explained their expectations for general insurance firms during the coronavirus pandemic. They also outlined information for customers about what they should see from their insurance provider during this time.

Chancellor promises £330bn loans to businesses affected by pandemic

The chancellor, Rishi Sunak, has announced that the government will provide state-backed loans of £330bn to support businesses and people affected by the coronavirus pandemic to help keep the economy stable.

ABI clarifies position on business insurance amidst backlash

Because most commercial insurance policies don’t cover for business interruption caused by pandemics, the insurance industry has face customer backlash. The Association of British Insurers (ABI) have explained why most businesses won’t cover and they view on the backlash after government assured policyholders that their claims would be accepted.

Finantix has made an agreement for the acquisition of InCube

The leading global provider of trusted technology to insurance and banking industries, Finantix, has acquired InCube Group AG, a financial technology and consulting company dedicated to wealth management and insurance.

IGI has started trading on the Nasdaq Capital Market

International General Insurance Holdings Ltd (IGI) recently announced the success of combining businesses with Tiberius Acquisition Corporation, making it a public trading company. Soon after, IGI have began trading its common shares on Nasdaq under the symbol ‘IGIC’.

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