AGP Executive Report
Last update: 10 hours agoM&A Watch: Maybank will buy Ageas’ remaining 30.95% stake in Etiqa for about $1.2b, giving the bank full control and a bigger push to sell life, general and takaful via its banking network. Wildfire & Property Risk: Ontario cottage owners face rising wildfire exposure and underinsurance concerns, while a separate Louisiana report says home sales are improving as insurers file more rate decreases than increases. Regulation & Distribution: Nigeria’s NAICOM says 43 insurers and reinsurers met NIIRA 2025 minimum capital rules, signaling a stronger underwriting era; in India, IIRM Holdings raised ₹1,500m to fund expansion and acquisitions. Health Insurance Pressure: Virginia’s Sentara and Anthem are in a contract fight, with Sentara claiming $105m in overdue payments and warning some contracts could expire. Consumer/Claims Reality Checks: Heathrow urged travelers to declare medical conditions to avoid invalidating travel insurance, and a UK renters’ law change is expected to reshape landlord insurance risk. Tech in Insurance: China’s insurance premiums rose 3.3% in H1 to 3.86tn yuan, and insurers are moving beyond AI experiments into broader product, service and claims use.
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