AGP Executive Report
Last update: 4 hours agoBanking Safety Net: Serbia has opened insolvency proceedings against Alta Banka, with insured deposits of up to €50,000 set to be paid through state-owned Banka Poštanska štedionica. Payouts must begin within seven working days. Global Market Reach: The MGAA has opened membership to eligible insurers, MGAs and suppliers outside the UK and Ireland; its members already underwrite more than £18.5bn in annual premiums. Policyholder Returns: Northwestern Mutual plans a record $10.4bn in dividends for 2027, up from $9.2bn this year. Deposit Protection: South Korea’s KDIC is considering extending deposit insurance to defined-benefit pension reserves and large temporary deposits. Industry Moves: InsuranceDekho and RenewBuy have united in a reported US$1bn merger, while Gjensidige’s Baltic operations have been merged into Ergo; existing policies remain unchanged. Earnings: Bajaj Finserv’s quarterly net profit rose 25% to ₹5,952 crore, though its general insurance subsidiary’s profit fell 19% to ₹420 crore.
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