AGP Executive Report
Last update: 2 hours agoMotor Insurance: Which? says around 15 million UK motorists pay monthly, with a median premium-finance APR of 26.2% and some rates above 50%; it is urging a ban on pricing that penalises customers unable to pay annually. Industry Deals: Shinhan Financial agreed to buy a controlling stake in South Korea’s Lotte Insurance for about $518 million, while India’s regulator is weighing commission caps that could take effect as early as January 2027. War-Risk Cover: Aon and the EBRD expanded their Ukraine war-risk insurance facility to $168 million, with MS Amlin adding capacity. Market Developments: Insurance Australia Group updated investors on its RAC alliance and commitments following an ACCC review in Western Australia. Swiss Re says extreme weather is pushing claims higher.
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