News

CoronaVirus Hits Pension Assets & Stocks – Liability Deficit Reaches £80bn

Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies increased from £57bn at the end of January 2020 to £68bn on […]

Global insurance trends

Evertas Alert on Shortage of Crypto Assets Coverage

Evertas, the world’s first cryptoasset insurance company, believes there is less than 0.5% of capacity in the world’s insurance market to cover the value of cryptoassets globally. The company estimates the global insurance industry only […]

Global insurance trends

Robeco Financials: Things Are Looking Up

Robeco, the Dutch pure-play international asset manager, reported significant growth in its insurance business where assets under management (AuM) reached EUR 20 billion at the end of 2019. This was an increase of EUR 5 billion […]

Fraud

FCA Says Land Bank Fraud Victims Will Share £2.5m Compensation Fund

The Financial Conduct Authority (FCA) has obtained High Court approval for a scheme to return £2.5 million to compensate victims of a series of unauthorised collective investment schemes. Between 2005 and 2010, around 800 people […]

Insurance & Reinsurance

Bulk Annuities Market Getting Back to Normal in 2020, Says Willis Towers

The bulk annuity market is set to return to ‘normal’ levels in 2020 with £30bn worth of deals expected over the course of the year, according to Willis Towers Watson. This is down from an anticipated […]

Fraud

Confiscation Order Following FCA Prosecution

A confiscation order of £291,070.36 was made against Mark Barry Starling in Southwark Crown Court. This confiscation order follows the FCA prosecution in which Mr Starling was sentenced to 5 years’ imprisonment for defrauding investors […]

Legal

Legal: Clarity on Smart Contracts & DLT Could Be Good News for Insurers

A landmark “Legal Statement” published this week provides long-awaited clarity on how cryptocurrencies, distributed ledger technology (DLT) and smart contracts might be treated under English law. Following several rounds of public and private consultation, the […]