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

• [New] Either as Munich Re's portfolio outgrows the levels of risk it can retain, or as the cost of sponsoring catastrophe bonds, or reinstating other ILS structures such as reinsurance sidecars, becomes too attractive to ignore. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• [New] The cost of marine insurance in the Black Sea increased 204-fold in the second quarter of 2026, while the loss ratio for reinsurance covering drone-attack risks reached 2800%. Ukraine's Arms Monitor
• [New] Insurance and risk-transfer products: the UK's insurance and reinsurance ecosystem has a strong international reach, anchored by London's role as a global hub for international insurance markets, with established capability across catastrophe modelling, reinsurance, and specialist risk instruments. GOV.UK
• [New] Most of the claims from the Baltimore bridge collapse will be borne by the reinsurance and retrocession markets. Insurance Journal
• Should the rest of 2026 pass without any major industry loss events then 2027 looks set to be even more competitive, as there are no signs reinsurance capital will shrink. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• While the aggregate reinsurance is expected to cap natural hazard costs at $1.85 billion for FY27 in around 90% of scenarios. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Marine reinsurance markets may be challenged in 2027 by an increase in the total loss reserve for the 2024 Baltimore bridge collapse from $1.5 billion to $2.8 billion, which will largely be borne by the reinsurance and retrocession markets. Business Insurance
• A parametric insurance policy in India provides payments to rural women farmers when extreme heat waves threaten their crops and livelihoods. Nature
• By providing a live environment to test NIST-compliant post-quantum cryptography, it enables the ecosystem to prepare for quantum threats methodically rather than reactively, potentially serving as what Delphi Digital has described as the ultimate quantum insurance policy. Amplify ETFs
• Global, specialist reinsurance broker Augment Risk has identified extreme heat as a widespread concern affecting multiple US host cities. ReinsuranceNe.ws
• Zurich recently supported a large multinational expand its captive from conventional property and casualty risks to provide multiple lines including cyber reinsurance to its network of independent collaborators across the globe. Captive Intelligence - Trusted news, insight and analys
• France headquartered global reinsurance company SCOR has signed a memorandum of understanding with Japanese insurer Japan Post Insurance on the establishment of a reinsurance investment structure, which will feature subject business from both companies and be invested into by Japan Post Insurance. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Execution and consistency will be the key factors that will differentiate reinsurance platforms over the next few years. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Looking ahead, the reinsurance sector remains well-capitalized for 2026, though Fitch revised its sector outlook to deteriorating from neutral, citing pricing softening in property lines and the potential for increased loss activity. IRMI

Last updated: 11 August 2026