Monthly Insurance News

Monthly events in the international marketplace. Learn more about our Services! Please call one of our Specialists at 905.525.7259.  

April 2026:
Property & Casualty

Lloyd’s of London

The London-based insurance and reinsurance market reported pretax profit of GBP10.59 billion in 2025, a 10% yearly increase over 2024. Gross written premiums grew 4.2% to GBP57.87 billion and investment returns climbed over 22% to GBP6.01 billion in 2025. The combined ratio worsened to 87.6%, however, Lloyd’s described catastrophe costs as “relatively modest” during the year, being “comparatively benign” in the second half of 2025. Lloyd’s announced a five-year strategy to sharpen its financial edge – focusing on underwriting performance, improving efficiency and maximizing its unique capital advantage to drive improved returns.

Europe

European financial agencies have proposed a natural catastrophe insurance pool in response to mounting losses from extreme weather. A discussion paper says about 75% of economic losses from European natural catastrophes have been left uninsured, according to historical data. A pool would enable insurers to use capital more efficiently, expand coverage and improve affordability. Between 1981 and 2024, natural catastrophes caused more than €900 billion ($1.5 trillion) of direct economic losses in the European Union.

Australia

Extreme weather increased insured losses by 727% in 2025 to AUD 4.8 billion as claim numbers climbed to 294,000, of which over AUD 4.1 billion came from Queensland alone. This compares to AUD 2.35 billion of insured losses from extreme weather in 2023 and $585 million in 2024. Unpredictability and intensity of extreme weather is growing, demonstrating an urgent need for the Government to invest in mitigation to protect Australia’s most vulnerable communities.

Globex Recent Success Stories

• Bound a local Property policy in Italy, including compulsory Nat Cat perils, for an international food company specializing in fruit.
• Bound General & Product Liability policies in US as part of a Controlled Master Program directed out of France for a microfluid systems company.
• Placed Professional Liability policies in Singapore, Switzerland and United Arab Emirates as part of a controlled master program for a UK headquartered executive recruitment firm.

February 2026:
Health & Benefits

Germany

Several changes have taken effect as of January 2026. Among these: The minimum wage has increased by 8.24%. The non-means-tested child benefit has automatically increased from EUR 255 to EUR 259 per month for each child. The cost of the “Deutschland-Ticket” for using public transportation within Germany has increased. And certain social insurance thresholds, ceilings, income limits and contribution levels have been adjusted.

Ireland

A new statutory retirement savings system in Ireland was implemented in January 2026, with implications for both employers and employees, even when an employer currently operates and offers membership of an occupational pension scheme or a Personal Retirement Savings Account (PRSA).

Singapore

Starting 1 April 2026, Singapore will enhance its Shared Parental Leave (SPL) scheme to 10 weeks for parents of children born on or after that date. This initiative allows working parents to share up to 10 weeks of paid leave, providing greater flexibility and supporting shared parental responsibility. The benefit is capped at $2,500 per week, with reimbursement to employers.

February 2026:
Property & Casualty

India

India’s insurance market is poised for a period of robust growth, outpacing other major markets over the next five years. Forecasted annual premium growth of 6.9% between 2026 and 2030 will position India as the fastest-growing major insurance market worldwide.

Greenland

The Greenland issue runs deeper than tariffs. Trade measures, retaliation, and diplomatic escalation often surface as insured losses in areas such as contract frustration, project delays, political violence & supply chain disruption. Political risk already sits near the top of corporate concern lists among the most pressing global threats.

Global

Global insured losses from natural disaster events in 2025 reached $127 billion, marking the sixth consecutive year that insurance payouts have exceeded the $100 billion threshold. Global economic losses from natural disasters reached $260 billion in 2025, marking the lowest level recorded since 2015.

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Call us at 905.525.7259.