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

 

Aviva estimates covid-19 impact at £160m

Insurer Aviva estimated the total payout it will have ot make because of covid-19 at £160m net of reinsurance.

FERMA calls for new framework to address lack of business interruption insurance

The Federation of European Risk Management Associations (FERMA) has called on European Commission to create a resilience framework to address a “severe shortage” of business interruption insurance without physical damage.

French court orders insurer AXA to pay restaurant’s covid-19 losses

A Paris commercial court has ruled that French insurer AXA will have to pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the restaurant’s lawyer said on Friday.

LV offers premium reductions for clients affected by Covid

Protection provider LV has introduced an option to reduce premiums for existing protection customers who are experiencing financial difficulty due to the coronavirus crisis.

British Bankers’ Association scheme completes £95m full buy-in deal with Aviva

The British Bankers’ Association Pension Scheme has completed a £95m bulk purchase annuity transaction with Aviva.

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