AGP Executive Report
Last update: 8 hours agoCredit Ratings: AM Best assigned China Ping An Insurance (Hong Kong) CPAHK an A- (Excellent) financial strength rating and a- issuer credit rating, citing strong balance sheet support from Ping An P&C and CPAHK’s role in cross-border Greater Bay Area growth. MGA Talent & Market: UK MGAs remain resilient despite competition, with Insurance DataLab reporting aggregate revenues up 8% to £1.2bn and productivity steady, while industry leaders say MGAs can attract underwriter talent through faster, more entrepreneurial decision-making. Specialty Deal: Arrow Global Group bought Fusion Specialty Group to expand its Arrow Global Insurance specialty platform, adding a specialist MGA underwriting capability for W&I, R&W, tax liability and contingent risk coverage across 30+ countries. Cyber Risk: A new ransomware snapshot shows a sharp rise in breaches, with experts pointing to a dominant “four-headed monster” driving much of the activity. Health & Claims Pressure: South Africa’s employee tech benchmark links workplace technology experience at banks and insurers to productivity and retention, while US coverage politics heat up as states challenge Medicaid work-rule implementation that critics say is designed to cause people to lose care. Auto & Liability Tech: Waymo’s driverless Tampa expansion is sparking safety and liability questions, with calls for more oversight before wider rollout. Nuclear Liability: Bulgaria approved a new General Civil Liability Insurance Contract for Kozloduy’s nuclear damage coverage via the national nuclear insurance pool for one year.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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