🇺🇸 Allstate Reports $220 Million of September Catastrophe Losses, Taking Third-Quarter Losses to $1.65 Billion and Six-Month Losses to $3.4 Billion — Allstate Form 8-K press release (October 15, 2026) and Artemis (October 16, 2026)🇺🇸 FEMA Lets Homeowners Buy Flood Insurance Online Without an Agent as the NFIP Faces a December 12 Expiry — Insurance Business (October 21, 2026), Beinsure (October 21, 2026) and Congressional Research Service🇦🇺 Victoria Gazettes Mandatory Five-Tier Flood Risk Ratings, and Insurers Say the Planning Rules Could Reshape Premiums Where Homes Are Built — Insurance Business Australia (October 23, 2026)🇨🇦 Canada's Cyber Insurance Market Stabilizes After the Ransomware Peak, but the Insurance Bureau of Canada Warns of Shared-Vendor and AI Concentration Risk — Insurance Business Canada (October 20, 2026 and September 29, 2026)🇬🇧 Moody's Keeps UK Life and Property Insurers at a Stable Outlook but Warns That Falling Prices Will Squeeze Underwriting Margins More Heavily in 2027 — Reinsurance News (October 8, 2026)🇮🇳 ICICI Lombard's Second-Quarter Profit Rises 15% to ₹946 Crore as Premium Growth Lags the Industry and the Combined Ratio Climbs to 107% — ICICI Lombard Q2 FY27 press release and investor presentation (NSE filing, October 14, 2026) and Business Today (October 15, 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)🇺🇸 Allstate Reports $220 Million of September Catastrophe Losses, Taking Third-Quarter Losses to $1.65 Billion and Six-Month Losses to $3.4 Billion — Allstate Form 8-K press release (October 15, 2026) and Artemis (October 16, 2026)🇺🇸 FEMA Lets Homeowners Buy Flood Insurance Online Without an Agent as the NFIP Faces a December 12 Expiry — Insurance Business (October 21, 2026), Beinsure (October 21, 2026) and Congressional Research Service🇦🇺 Victoria Gazettes Mandatory Five-Tier Flood Risk Ratings, and Insurers Say the Planning Rules Could Reshape Premiums Where Homes Are Built — Insurance Business Australia (October 23, 2026)🇨🇦 Canada's Cyber Insurance Market Stabilizes After the Ransomware Peak, but the Insurance Bureau of Canada Warns of Shared-Vendor and AI Concentration Risk — Insurance Business Canada (October 20, 2026 and September 29, 2026)🇬🇧 Moody's Keeps UK Life and Property Insurers at a Stable Outlook but Warns That Falling Prices Will Squeeze Underwriting Margins More Heavily in 2027 — Reinsurance News (October 8, 2026)🇮🇳 ICICI Lombard's Second-Quarter Profit Rises 15% to ₹946 Crore as Premium Growth Lags the Industry and the Combined Ratio Climbs to 107% — ICICI Lombard Q2 FY27 press release and investor presentation (NSE filing, October 14, 2026) and Business Today (October 15, 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)

Daily Brief

July 25, 2026

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Regulatory documents representing reinsurance rule reform (illustrative)
Insurance
🇮🇳India✓ Verified

IRDAI Keeps the Obligatory Cession to GIC Re at 4% of Sum Insured for 2026-27, With Minimum Commissions and a 50:50 Profit-Sharing Formula

IRDAI's circular of April 9, 2026 requires general insurers to cede 4% of the sum insured on each policy to GIC Re for policies attaching from April 1, 2026 to March 31, 2027, with set minimum commissions and a 50:50 profit-sharing formula, while a 2022 draft had proposed ending GIC Re's order of preference.


IRDAI circular via TaxGuru (April 9, 2026), The Tribune (April 18, 2026), Insurance Asia News (April 19, 2026) and Reinsurance News (October 26, 2022)July 25, 2026
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