Ghana: 15% VAT on non-life insurance premiums started on 1 July

Published on July 2, 2025
The Ghana Revenue Authority (GRA) has implemented a 15% Value Added Tax (VAT) on non-life insurance premiums, starting on 1 July 2025.
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Rates trending downward but soft market still 2-3 years away: Peel Hunt

July 1, 2025
Specialty re/insurance rates remain adequate on average and are trending downward, though a soft market is likely still 2–3 years away, according to a recent report by Peel Hunt.Following their participation in the recent Lloyd’s Tour, Peel Hunt analysts met with management teams from Beazley, Conduit Re, Hiscox, and Lancashire.All teams agreed that specialty re/insurance remains a cyclical market

IAG’s FY’25 natural peril costs come in below budget at ~$1.1bn

July 2, 2025
Insurance Australia Group (IAG) has reported estimated natural perils costs for the financial year 2025 of approximately $1.08 billion, which is $200 million lower than its allowance for the period.Ahead of its FY’25 results, which will be announced on August 13th, 2025, the insurer reported that the costs include over 4,000 claims lodged from the New South Wales (NSW) Mid North Coast and Hunter F