Keep up with what has been happening this week in our latest insurance news round-up…
Lloyd’s have announced that they will stop new insurance cover for fossil fuels such as coal and oils sand by January 2022 with the aim to stop their fossil fuel insurance entirely by 2030.
Willis Towers Watson have partnered with Polecat intelligence to developing insurance solutions for a rapidly changing and complex risks. Polecat will be able to provide WTW with their Artificial Intelligence and Machine Learning to provide real-time risk insight.
In a bulk annuity transaction between Legal & General and the Maersk retirement benefit scheme worth £1.1 billion, the Maersk retirement benefit scheme secured benefits of 1,900 deferred member and 3,000 retirees.
The new community grant aims to help community organisations struggling during the Covid-19 pandemic with more than £280,000 worth of small grants to be given to these organisations.
In a press release, Aviva has announced that Doug Brown will be appointed as CEO of UK & Ireland Life Insurance and will join the company and Aviva’s Group Executive Committee in April 2021.