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

• [New] The California FAIR Plan Association has now successfully priced and secured what will become the largest catastrophe bond exposed to wildfire risks ever, as the Golden Bear Re Ltd. issuance will provide it $750 million of reinsurance, Artemis can report. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• [New] The risk interest spread that the California FAIR Plan Association will pay for the $750 million of wildfire reinsurance was priced at the bottom end of the twice reduced guidance, indicating a roughly 11% decline in the spread to be paid from the initial mid-point. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• [New] Reassured, the UK's largest life insurance broker, has secured ISO 27001 accreditation, marking a significant step in strengthening its information security framework at a time when cyber risk continues to test the insurance sector. Insurance Business
• [New] In announcing new targets and a refreshed strategy today, Swiss Re, one of the world's largest reinsurance companies, has highlighted the role of third-party capital investors in helping to fuel its expansion into natural catastrophe risks over recent years, while also maintaining balanced exposure. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• [New] The structure and scale of Hong Kong insurers' reinsurance arrangements are expected to play a central role in limiting the net balance sheet impact. Insurance Business
• [New] For convention risk carriers, reinsurance sidecars can offer additional underwriting capital or surplus relief when solvency tolerance levels are approaching. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• [New] Reduced reinsurance costs, coupled with lower than expected claims, has meant New Zealand insurance companies are making increased profits across their portfolios, even as premiums are reducing. Gallagher
• [New] If margins at GEICO tighten and reinsurance appetite moderates, capacity could become scarcer, altering dynamics across the global risk-transfer ecosystem. Insurance Business
• The Asia-Pacific region is projected to lead global reinsurance growth through 2031 with a compound annual growth rate of 14%. Business Insurance
• Data-driven enhancements in modeling tools and risk-analysis processes are encouraging a broader range of investors to back reinsurance. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• The US and international primary insurance and reinsurance group is seeking to sponsor what will be the eleventh catastrophe bond in its long-standing Mystic Re series. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Berkshire Hathaway Reinsurance Group faces softer demand and weaker pricing following a mild hurricane season, reducing opportunities for lucrative catastrophe business. Insurance Business
• 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
• 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
• 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
• 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

Last updated: 16 December 2025