Our Scans · (FS.4.03) Reinsurance · Weekly Summary

• In response to rising costs and risks across the world, reinsurers raise the price of reinsurance, which flows through to Australian insurance prices. Vote Earth Now
• Global reinsurers might offer insights into emerging trends in longevity risk management, share innovative structuring techniques for PRT solutions, or provide guidance on regulatory changes. Default
• Allstate has started the 2025 annual risk period for the aggregate reinsurance provided by some of its catastrophe bonds with a $594 million pre-tax catastrophe loss burden, driven by 11 severe weather events during the month of April. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Insurance is increasingly unaffordable; and Australia is at risk of becoming uninsurable with more extreme weather, inflation and reinsurance costs pushing premiums up. SBS News
• The devastating fires in Los Angeles will lead to insured losses that exceed the records seen during previous wildfires but are not likely to affect the ratings of property casualty reinsurers. Insurance Business
• Swiss Re, the reinsurance firm, said that in its report published on Tuesday, natural disasters such as hurricanes, storms and floods could cause insured losses of $145 billion by 2025. AtCoMedia. Inc
• Until recently, California was the only state that prohibited carriers from using catastrophe models to project disaster risk and pricing reinsurance costs into their premiums. Watts up with that?
• The California Earthquake Authority (CEA) is a significant buyer of reinsurance limit still, even after its risk transfer tower has shrunk over the last year. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Reinsurance for Aggregated Risks: Italian insurers are turning to global reinsurers to manage systemic risks associated with large-scale cyberattacks. Interlegal
• The California Earthquake Authority (CEA) shrank its risk transfer tower through the January renewals, as its traditional reinsurance placements saw further contracts expire, resulting in its catastrophe bonds making up a larger share of the overall at now more than 31%. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• The growth of reserves within the Cyclone Reinsurance Pool provides a critical opportunity for the Federal Government to reinvest in high-risk communities. Insurance Business
• Blockchain-Based Reinsurance: Insurers like Swiss Re have explored blockchain to streamline and enhance reinsurance processes, improving transparency and reducing fraud risk. Insurance Journal
• Reinsurance costs have risen sharply, driven by global reassessments of risks tied to secondary perils such as bushfires and floods. Insurance Business
• The recent wildfires in Los Angeles are not expected to affect the credit ratings of insurers and reinsurers in the Asia-Pacific region due to their limited exposure. Insurance Business
• LA wildfire losses to exceed reinsurance retention Insurer Mercury General Corporation has said that it expects the ongoing wildfires in Los Angeles, California will result in losses for the company that will exceed its reinsurance retention of $150 million. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Under the new €110 million Ukraine Recovery and Reconstruction Guarantee Facility, the EBRD will support global reinsurance companies with a guarantee covering losses on certain war-related risks underwritten by local Ukrainian insurers. Ukrinform
• In the U.S., state regulators are expected to play a key role in deciding how AI regulations apply within various sectors, including insurance and reinsurance. Insurance Business
• Losses are expected to fall to the primary insurers and California's FAIR Plan first, with reinsurance capital picking up a share. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Insured losses borne by global insurers and reinsurers will materially exceed highs from past wildfire events, with current industry estimates ranging from US$ 25 billion to US$ 45 billion. Insurance Journal
• The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe's four largest reinsurers - Swiss Re, Munich Re, Hannover Re and SCOR. Insurance Journal
• Europe's big four reinsurers - Munich Re, Swiss Re, Hannover Re and Scor - will have used up around a third of their 2025 natural catastrophe budgets in the first two weeks of the year. MarketScreener
• The transformative opportunity presented by artificial intelligence is a board level priority and it is a complex area for brokers, insurance and reinsurance companies to navigate, operationalise at scale and achieve enduring outperformance. Insurance Business
• PIF's capital investment supports Saudi insurance firms by enabling Saudi Re to deliver high quality reinsurance, permitting Saudi insurance companies to manage risk more effectively. Kanebridge News

Last updated: 25 June 2025