🇺🇸 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 22, 2026

1 verified stories from global sources

Corporate insurance office representing an insurer acquisition (illustrative)
Insurance
🇩🇪Germany✓ Verified

Allianz Portugal Agrees to Buy Insurer Caravela, Reportedly for About €150 Million, Lifting Its Portuguese Market Share to 6.4% and Premiums Above €1 Billion

After reports in June that it had bid, Allianz Portugal agreed on July 30, 2026 to buy 100% of Caravela, a deal Bloomberg valued at about €150 million, which Allianz says will add 2.3 percentage points of market share, taking it to 6.4% on 2025 figures, subject to approval by ASF and the competition authority.


EcoNews Portugal (July 30, 2026), Business Insurance (June 8, 2026) and Insurance Business UKJuly 22, 2026
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