🇮🇳 India Approves the Sale of 60.72% of IDBI Bank to Fairfax for ₹52,878 Crore at ₹81 a Share, Its Largest Foreign Investment in a Financial Firm — Business Standard, Outlook Business, Upstox and IIFL (reporting the Cabinet decision)🇺🇸 GTCR and Elliott Agree to Buy CCC Intelligent Solutions, the Claims and Repair Software Network, for $6.1 Billion — CCC Intelligent Solutions (press release on SEC filing) and Coverager🇨🇦 Intact and Definity Put Third-Quarter Catastrophe Losses at About C$850 Million Combined, With Intact's Trailing-Year Total Above Its Guidance — Insurance Business Canada and Reinsurance News (citing Intact and Definity releases and CatIQ)🇺🇸 Bank of America's Third-Quarter Profit Falls to $6.9 Billion After a $1.2 Billion Settlement Charge, as Wealth Fees and Net Interest Income Rise — Pulse 2.0 (reporting Bank of America's Q3 2026 results) and Family Wealth Report🇫🇷 France's Borrowing Cost Gap With Germany Hit About 147 Basis Points on October 5, the Widest Since the Euro Crisis, Ahead of a Moody's Review on October 23 — Babypips (explainer on the OAT-Bund spread, October 12, 2026), with background from Option Finance and GlobalCapital🇸🇬 MAS Proposes That Insurer and Bank Nominating Committee Chairs Need Its Approval, With Stricter Board Independence Rules, Consultation Open Until December 9 — Insurance Business Asia (reporting the MAS consultation) and MAS speech archive🇺🇸 Progressive's Third Quarter: Profit Slips 3% to $2.54 Billion Even as Policies in Force Rise 6% to 40.5 Million — Progressive Corporation (monthly and quarterly results release)🇺🇸 Marsh Warns That Broad AI Exclusions in Insurance Policies Could Create 'Real Confusion and Uncertainty' — Insurance Journal / Claims Journal🇬🇧 Swiss Re: Non-Economic Factors Drive About Half of UK Liability Claims Growth, and Litigation Funding Reform Could Add More — Swiss Re Institute (reported by Claims Journal)🇯🇵 Japan's FSA Bars Prudential Life From New Sales Until January 31 After an Employee Fraud Scandal — Insurance Business (citing Jiji Press and Prudential Financial)🇮🇳 India Approves the Sale of 60.72% of IDBI Bank to Fairfax for ₹52,878 Crore at ₹81 a Share, Its Largest Foreign Investment in a Financial Firm — Business Standard, Outlook Business, Upstox and IIFL (reporting the Cabinet decision)🇺🇸 GTCR and Elliott Agree to Buy CCC Intelligent Solutions, the Claims and Repair Software Network, for $6.1 Billion — CCC Intelligent Solutions (press release on SEC filing) and Coverager🇨🇦 Intact and Definity Put Third-Quarter Catastrophe Losses at About C$850 Million Combined, With Intact's Trailing-Year Total Above Its Guidance — Insurance Business Canada and Reinsurance News (citing Intact and Definity releases and CatIQ)🇺🇸 Bank of America's Third-Quarter Profit Falls to $6.9 Billion After a $1.2 Billion Settlement Charge, as Wealth Fees and Net Interest Income Rise — Pulse 2.0 (reporting Bank of America's Q3 2026 results) and Family Wealth Report🇫🇷 France's Borrowing Cost Gap With Germany Hit About 147 Basis Points on October 5, the Widest Since the Euro Crisis, Ahead of a Moody's Review on October 23 — Babypips (explainer on the OAT-Bund spread, October 12, 2026), with background from Option Finance and GlobalCapital🇸🇬 MAS Proposes That Insurer and Bank Nominating Committee Chairs Need Its Approval, With Stricter Board Independence Rules, Consultation Open Until December 9 — Insurance Business Asia (reporting the MAS consultation) and MAS speech archive🇺🇸 Progressive's Third Quarter: Profit Slips 3% to $2.54 Billion Even as Policies in Force Rise 6% to 40.5 Million — Progressive Corporation (monthly and quarterly results release)🇺🇸 Marsh Warns That Broad AI Exclusions in Insurance Policies Could Create 'Real Confusion and Uncertainty' — Insurance Journal / Claims Journal🇬🇧 Swiss Re: Non-Economic Factors Drive About Half of UK Liability Claims Growth, and Litigation Funding Reform Could Add More — Swiss Re Institute (reported by Claims Journal)🇯🇵 Japan's FSA Bars Prudential Life From New Sales Until January 31 After an Employee Fraud Scandal — Insurance Business (citing Jiji Press and Prudential Financial)
