Our Scans · (FS.4.01) Insurers' Business Model · Weekly Summary

• [New] Cat bonds' importance as a catastrophe and climate risk transfer and reinsurance tool continues to grow, supported by record issuance levels and wider adoption among insurers. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• [New] Meaning the CEA's overall risk transfer, reinsurance and catastrophe bond tower could change significantly over the coming months and there is also a chance the earthquake insurer looks to the capital markets again. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• [New] Pension, hedge and bond funds, as well as family offices, are showing a growing appetite for reinsurance risk. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• [New] Reinsurance leaders will need to both strengthen traditional capabilities such as risk selection, pricing, and capital management, while also redefining their role in a system shaped by climate, technology, and new patterns of capital flow. ReinsuranceNe.ws
• The Swiss Re Institute has quantified ecosystem-service decline as a material underwriting and macro-risk factor, and has developed methods to integrate biodiversity into risk models, capital allocation and reinsurance. Forbes
• The Cyclone Reinsurance Pool, administered by the Australian Reinsurance Pool Corporation, is advising property owners to take practical steps to reduce risk and limit potential damage from severe weather events - tips that brokers can pass on to their clients. Insurance Business
• Over the next 2-4 years, Spain's embedded finance landscape is expected to mature rapidly, with B2B credit, embedded insurance, and smart city payments likely to become areas of concentrated growth and policy interest. Yahoo Finance
• The Natural Hazards Commission Toka Tu Ake has announced plans to begin a new procurement process for reinsurance broking services, as it looks ahead to the next stage of its reinsurance programme starting in 2027. ReinsuranceNe.ws
• Hexagon IV Re Ltd. is now offering two tranches of Series 2025-1 cat bond notes that will provide €250 million of reinsurance to protect Covea and its mutual insurers with against losses from windstorms, hail and certain other perils across France, Monaco and Andorra. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Moody's RMS Event Response has provided a best estimate for the insurance and reinsurance industry losses from recent hurricane Melissa of $3.5 billion, with a range of between $3 billion and $5 billion anticipated. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• The insurance and reinsurance industry is facing multiple challenges - from climate change fuelled losses topping US$100bn to the growing risks of cyber crime and global conflict. PwC Insurance Summit
• CCRIF SPC, the Caribbean and Central America Parametric Insurance Facility and Development Insurer, said it will pay Jamaica's government $21.1 million under its excess rainfall policy. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• The Flood Inquiry recommended that the Australian Government consider establishing a government reinsurance arrangement for flood risks. UNSW Sites
• Reinsurance giant Swiss Re and carbon removal solutions provider, Carbonfuture, have signed a seven-year contract, which will see Swiss Re supply a minimum of 70,000 tonnes of Biochar Carbon Removal credits from Carbonfuture partner, Exomad Green's new Riberalta facility in Bolivia. ReinsuranceNe.ws
• Capacity will continue to tighten moving into 2026, shaped by evolving legislation, a surge in carrier bankruptcies, an ageing driver workforce, and potential changes to insurance policy requirements. Yahoo Finance
• US insurers hedge correlated or severe risks, such as hurricanes and wildfires, by purchasing reinsurance, which are secondary insurance contracts with global insurers. Singapore - EN - Institutional
• The convergence of climate-adaptive infrastructure and reinsurance represents a defining investment opportunity of the 21st century. Ainvest
• Reinsurance demand remains strong for catastrophe risks, while non-proportional reinsurance costs have eased due to abundant global capacity, enabling insurers to obtain extended coverage at equal or lower cost. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Australia is heading into a summer shaped by warm oceans, a negative Indian Ocean Dipole and a likely weak La Nina, with insurers bracing for a cocktail of flood, cyclone, convective storm and heatwave risk that could pressure loss ratios, capital and reinsurance costs. Insurance Business
• Over the next year, reinsurance buyers have indicated a strong preference for catastrophe bonds when it comes to utilising alternative capital, while insurance-linked securities funds are expected to see increased demand too. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Over 2026, reinsurance buyers have indicated a strong preference for catastrophe bonds when it comes to utilising alternative capital, while insurance-linked securities funds are expected to see increased demand too. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Dedicated reinsurance capital is projected to reach approximately $650 billion by year end 2025. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec

Last updated: 25 November 2025