Markel Group Names Gayner Chairman as Steven Markel Steps Down
Markel Group Inc. has disclosed that Steven A. Markel is retiring as Chairman and will not stand for re-election to the board, with CEO…
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Insurers
Lloyd’s Lab Unveils Cohort 17: Ten Companies Join New Accelerator
Lloyd's has named the ten companies advancing into Cohort 17 of the Lloyd's Lab Accelerator, selected from a field of fifteen following Pitch Day…
AIG Names John Rice Board Chair as Zaffino Steps Down to Advisor Role
AIG has confirmed that Peter Zaffino will step down as Executive Chair and board member effective September 15, 2026, moving into a Senior Advisor…
ICICI Lombard Draws Rs. 1 Crore IRDAI Penalty Over Outsourcing Governance Gaps
IRDAI has imposed a Rs. 1 crore penalty on ICICI Lombard General Insurance over outsourcing, vendor due diligence and governance violations found after a…
Brazil’s CNSP Rewrites Contract and Claims Rules for Property Insurance
SUSEP says Brazil's insurance regulator has finished a sweeping rewrite of property and casualty contract and claims-handling rules, with a hard compliance deadline now…
OSFI Rewrites Insurer Regulatory Returns Ahead of 2027 IFRS 18 Switch
OSFI has finalized new regulatory return templates for federally regulated insurers, rebuilding the statement of profit or loss around a new international standard's operating,…
OSFI Finalizes MICAT, Lowers Risk Weight for Low-Rise Construction Loans
OSFI has finalized MICAT 2027, cutting the base risk weight for certain low-rise multi-unit residential construction exposures while leaving high-rise projects unchanged. The revised…
IRDAI Fines Canara HSBC Life Over Mis-Selling to Elderly Customer
IRDAI has fined Canara HSBC Life Insurance for mis-selling a deferred annuity policy to an 88-year-old customer through corporate agent Canara Bank. The regulator…
Lloyd’s H1 2026 Results: Premiums Grow, Investment Income Falls
Lloyd's of London's half-year results show gross written premium and underwriting profit both up, while investment income fell on rising bond yields. CEO Patrick…
Triple-I Debuts State-by-State Insurance Affordability Index
Triple-I's new Insurance Affordability Index compares auto and homeowners insurance costs against median household income across every U.S. state.