November 1, 2026

Kinsale Capital reported a third-quarter 2026 combined ratio of 75.4% and underwriting income of $107.1 million, but net income fell to $98.1 million from $141.6 million because of a $37.6 million pre-tax realised loss on a portfolio repositioning, while property premiums fell 19.3% on competition.

The Financial Conduct Authority's consultation CP26/33, which closed on 9 October 2026, proposes removing two reporting requirements from its general insurance value measures rules after a post-implementation review found the rules improved transparency but produced inconsistent data, with a wider consultation expected in the first half of 2027.

Lloyd's published Market Bulletin Y5493 on October 16, 2026 setting conditions for broker-originated reinsurance structures from January 1, 2027, including a ban on broker ownership, a minimum managing agent participation of 19.99%, an initial 10% cap on a broker's treaty portfolio and an all-or-nothing cession rule.

ASIC announced on October 30, 2026 that the Federal Court of Australia has found two former directors and officers of the collapsed Youpla Group breached their duties, with Ronald Pattenden agreeing to a A$250,000 penalty and a 15-year ban, while penalties for Bryn Jones and decisions on three others remain outstanding.

The New South Wales State Insurance Regulatory Authority imposed A$479,500 in civil penalties on Insurance Australia Limited, trading as NRMA Insurance, on October 22, 2026 for eight CTP premium pricing failures, the largest of which affected about 41,564 policies with estimated gross overcharges of about A$12.2 million.

Insurers received more than 400,000 home repair and rebuild claims from declared events in Australia from 2022 to 2026 at an insured cost of A$11.3 billion, with Queensland accounting for over 214,000 claims, as the Insurance Council of Australia urges that natural hazard protections stay central to Queensland's State Planning Policy review.