AGP Executive Report
Last update: 3 hours agoIndustry Moves: CVS Health is reportedly preparing to split its retail pharmacies from its insurance and pharmacy-benefit businesses, unwinding part of its 2018 Aetna deal amid scrutiny of pharmacy benefit managers. Pandemic Protection: Aon and Munich Re launched reinsurance cover for pandemic-related business interruption without physical damage, targeting hospitality firms in Indonesia and the Philippines. Trade Credit: The value of global trade protected by credit insurance rose to €9.58 trillion in 2025, though its estimated share of world trade slipped to 14% as trade outpaced GDP growth. Catastrophe Losses: PERILS put insured losses from severe storms across Australia’s east coast at A$1.62 billion, up from its previous estimate. Insurer Results: GIC Re’s half-year profit fell 5.2% to $481.5 million despite higher premiums, while specialty insurer IGI reported a 16.4% drop in third-quarter profit.
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