Keep up with what has been happening this week in our latest insurance news round-up…
Speaking at the International Forum of Terrorism Risk (Re)insurance Pools Livestream 2020, Marsh’s chief executive and president John Q Doyle has said that to help manage future pandemics insurers and brokers should work together backed by the government to write specific pandemic insurance policies and to contribute risk knowledge and infrastructure.
Aviva’s global asset management arm has set a target of investing £10 billion in real estate projects and infrastructure in the UK over the next three years; in order to ‘help the economy and communities bounce back’, said the group’s chief executive, Amanda Blanc.
As car thefts continue to increase across the UK over the last four years, London has seen the highest rise by 265%. LV= General Insurance explains that this could be linked to new keyless car technology; allowing thieves to use different methods to access a vehicle.
London’s FTSE 100 gains were capped due to uncertainty surrounding Brexit and new lockdowns all over the country to contain the resurgence of Covid-19 cases. It has climbed 1% with stocks in energy, home-building, and travel & leisure leading the rise.
In the runup to Christmas, UK banks are planning to increase the cost of credit card interest rates; which may affect the poorest households as unemployment rises after the furlough scheme has ended.