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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 6.02 AUD | 0.00% |
|
+10.26% | +28.91% |
| May. 10 | Ord Minnett Downgrades PSC Insurance Group to Hold from Buy, Price Target is AU$6.19 | MT |
| May. 09 | Australia's PSC Insurance hits record high on $1.5 billion takeover by Ardonagh | RE |
LONDON (Reuters) - Britain's financial watchdog said on Friday that several insurers have agreed to suspend sales of additional protection insurance for cars due to the regulator's concerns over fair value.
The suspension relates to so-called guaranteed asset protection (GAP) insurance which customers buy to cover the difference between a car's purchase price and market value at the time of a claim.
"GAP insurance can provide a useful service to customers, but in its current form it does not offer fair value and we want to see improvements," Sheldon Mills, the Financial Conduct Authority's director of consumers and competition, said in a statement.
(Reporting by Huw Jones; editing by Carolyn Cohn)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 2,713 GBX | -1.35% | -1.20% | 10.34B | ||
| 199.7 GBX | +0.55% | +5.83% | 3.23B | ||
| 6.02 AUD | 0.00% | +10.26% | 1.45B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| +28.91% | 1.45B | |
| +0.71% | 63.73B | |
| +11.54% | 54.81B | |
| +6.52% | 26.27B | |
| +22.44% | 24.84B | |
| +24.65% | 9.36B | |
| +24.85% | 6.39B | |
| +13.66% | 2.26B | |
| +24.85% | 1.98B | |
| -19.84% | 1.53B |
INSURANCE GROUP LIMITED 
