Applied Underwriters expands into space insurance market & more…Keep up with what has been happening this week in our latest insurance news round-up…

Aviva complete buyin with Rotork Pension and Life Assurance

The Trustee of the Rotork Pension and Life Assurance Scheme has entered into a £70m buy-in transaction with Aviva covering the pension benefits for 19 current pensioners and dependants, and 322 deferred members – including those members who remain employees of Rotork.

Taskforce launched to tackle soaring car insurance costs

Transport Secretary Louise Haigh and Economic Secretary to the Treasury Tulip Siddiq will convene industry groups and consumer organisations today, including the Association of British Insurers, Citizens Advice, Which?, and Compare the Market, along with insurance regulators, to address the rising costs of car insurance.

Insurance sector lacks key skills in Gen AI and finance

As half of the insurance workforce nears retirement, the industry faces a talent shortage, particularly in areas requiring new and evolving skills.

Applied Underwriters expands into space insurance market

Applied Underwriters Aerospace announced that it is expanding its presence in the space insurance market, responding to significant changes in the sector driven by geopolitical factors and advancements in technology, particularly those pioneered by Elon Musk.

Kroll Appoints Katherine Keefe to Lead Global Cyber Insurance Industry Capabilities

Kroll, an independent provider of global risk and financial advisory solutions, announced that Katherine Keefe will be joining Kroll as Managing Director and Global Cyber Insurance Industry Lead for Kroll’s cyber insurance capabilities worldwide.