🇦🇺 Australia's Revised General Insurance Code Would Make Insurer Promises Legally Enforceable and Auto-Accept Home and Motor Claims After 12 Months, as AFCA Reports 36,022 Complaints — Insurance Business Australia (October 22, 2026), reporting the Insurance Council of Australia's revised Code and AFCA's 2025-26 Annual Review🇨🇦 Intact and Definity Put Third-Quarter Catastrophe Losses at About C$850 Million Combined, Pushing Intact Above Its Annual Guidance — Insurance Business Canada (October 7, 2026), Reinsurance News (October 8, 2026) and insurance-canada.ca (October 23, 2026)🇦🇺 TAL, Owned by Japan's Dai-ichi Life, Bids A$11.80 a Share for Challenger, Australia's Largest Annuity Provider, in a Non-Binding Proposal Worth Nearly A$8 Billion — Insurance Business Australia (October 19, 2026) reporting TAL's proposal and Challenger's ASX announcement🇫🇷 French Supermarket Refrigeration Hack Hit About 700 Stores: Why Cyber Policies May Not Pay for Spoiled Food, and What Lockton Says to Check — Insurance Journal (October 21, 2026) and Insurance Business Australia, reporting Lockton Australia analysis (October 20, 2026)🇺🇸 AM Best: Commercial Auto Liability Lost $6.4 Billion in 2024 as Litigation Costs Outpace 14 Straight Years of Rate Increases — Insurance Business US (October 19, 2026) reporting an AM Best special report on social inflation🇺🇸 Marsh Global Insurance Market Index: Commercial Rates Fall 5% in Q3 2026, the Ninth Straight Decline, as US Casualty Rises 6% and Pacific and IMEA Drop 12% and 14% — Marsh Global Insurance Market Index press release (October 21, 2026) and Insurance Journal (October 21, 2026)🇺🇸 Hurricane Isaias Insured Loss Estimates Range From $1 Billion to $4.5 Billion: What the Modelers, Florida Regulators and AM Best Are Saying — Insurance Business, Insurance Journal, Business Insurance, Beinsure and Florida Phoenix (October 13-19, 2026)🇩🇪 Munich Re Raises Its 2026 Profit Target to €6.6 Billion After a Preliminary €1.7 Billion Third Quarter Driven by Light Major Losses — Reinsurance News (October 23, 2026) and Munich Re half-year report (July 8, 2026)🇺🇸 Selective Insurance's Third Quarter: Operating EPS Up to $2.37 and a 96.8% Combined Ratio as Premiums Fall 7% on Deliberate Pruning — Selective Insurance Group Form 8-K press release (October 22, 2026) and Q3 earnings call (October 23, 2026)🇫🇷 Moody's Holds France at Aa3 With a Negative Outlook, a Reprieve Conditioned on a 2027 Budget, After 10-Year Yields Hit 5.1% — Euronews (October 24, 2026), Il Sole 24 Ore, MarketScreener, ABC Bourse (October 21, 2026) and Selectra (October 14, 2026)🇦🇺 Australia's Revised General Insurance Code Would Make Insurer Promises Legally Enforceable and Auto-Accept Home and Motor Claims After 12 Months, as AFCA Reports 36,022 Complaints — Insurance Business Australia (October 22, 2026), reporting the Insurance Council of Australia's revised Code and AFCA's 2025-26 Annual Review🇨🇦 Intact and Definity Put Third-Quarter Catastrophe Losses at About C$850 Million Combined, Pushing Intact Above Its Annual Guidance — Insurance Business Canada (October 7, 2026), Reinsurance News (October 8, 2026) and insurance-canada.ca (October 23, 2026)🇦🇺 TAL, Owned by Japan's Dai-ichi Life, Bids A$11.80 a Share for Challenger, Australia's Largest Annuity Provider, in a Non-Binding Proposal Worth Nearly A$8 Billion — Insurance Business Australia (October 19, 2026) reporting TAL's proposal and Challenger's ASX announcement🇫🇷 French Supermarket Refrigeration Hack Hit About 700 Stores: Why Cyber Policies May Not Pay for Spoiled Food, and What Lockton Says to Check — Insurance Journal (October 21, 2026) and Insurance Business Australia, reporting Lockton Australia analysis (October 20, 2026)🇺🇸 AM Best: Commercial Auto Liability Lost $6.4 Billion in 2024 as Litigation Costs Outpace 14 Straight Years of Rate Increases — Insurance Business US (October 19, 2026) reporting an AM Best special report on social inflation🇺🇸 Marsh Global Insurance Market Index: Commercial Rates Fall 5% in Q3 2026, the Ninth Straight Decline, as US Casualty Rises 6% and Pacific and IMEA Drop 12% and 14% — Marsh Global Insurance Market Index press release (October 21, 2026) and Insurance Journal (October 21, 2026)🇺🇸 Hurricane Isaias Insured Loss Estimates Range From $1 Billion to $4.5 Billion: What the Modelers, Florida Regulators and AM Best Are Saying — Insurance Business, Insurance Journal, Business Insurance, Beinsure and Florida Phoenix (October 13-19, 2026)🇩🇪 Munich Re Raises Its 2026 Profit Target to €6.6 Billion After a Preliminary €1.7 Billion Third Quarter Driven by Light Major Losses — Reinsurance News (October 23, 2026) and Munich Re half-year report (July 8, 2026)🇺🇸 Selective Insurance's Third Quarter: Operating EPS Up to $2.37 and a 96.8% Combined Ratio as Premiums Fall 7% on Deliberate Pruning — Selective Insurance Group Form 8-K press release (October 22, 2026) and Q3 earnings call (October 23, 2026)🇫🇷 Moody's Holds France at Aa3 With a Negative Outlook, a Reprieve Conditioned on a 2027 Budget, After 10-Year Yields Hit 5.1% — Euronews (October 24, 2026), Il Sole 24 Ore, MarketScreener, ABC Bourse (October 21, 2026) and Selectra (October 14, 2026)

Daily Brief

July 24, 2026

2 verified stories from global sources

Storm-damaged property representing catastrophe risk transfer (illustrative)
Insurance
🇨🇦Canada✓ Verified

Canada's OSFI Lets Property Insurers Use Catastrophe Bonds to Cut Capital Requirements: Indemnity Triggers, Canadian Collateral and Prior Approval Required

OSFI's regulatory notice, dated July 20, 2026 and effective immediately, treats natural catastrophe bonds as unregistered reinsurance with no margin requirement for federally regulated property and casualty insurers, provided the bond has an indemnity trigger, Canadian-held high-quality collateral and OSFI's prior approval.


OSFI regulatory notice on natural catastrophe bonds in the Minimum Capital Test guideline (July 2026) and Canadian Underwriter (July 27, 2026)July 24, 2026
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Legal documents and financial charts representing regulatory enforcement (illustrative)
Regulation
🇦🇺Australia✓ Verified

ASIC's Record 2025-26: $830 Million in Court-Ordered Penalties, Up Eightfold, and the Insurance Cases Behind the Warning to Insurers

ASIC secured $830 million in court-ordered civil penalties and $644 million in consumer remediation in 2025-26, against $104.1 million in penalties the year before; insurance-related actions include the $23.5 million Cbus trustee penalty over claims delays and cases against Hollard and RACQ Insurance, and insurance complaints and claims handling remain a 2026 priority.


Insurance Business Australia (July 2026) reporting ASIC enforcement figures published July 20, 2026July 24, 2026
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