Having forecast that the catastrophe bond market could turn neutral towards the end of 2021 earlier this year, the latest data from Lane Financial shows that rate trajectory did pull-back in the final quarter of the year, with the year ending in relatively muted fashion.
What was a hard market in catastrophe bonds and insurance-linked securities (ILS) through 2020, was seen to weaken through the first and second-quarter of 2021, leading consultancy Lane Financial LLC to warn that pricing could return to neutral through to the end of the year.
As we’ve reported on catastrophe bond issues through the last year, details of which you can see in our Deal Directory and also read about in our latest cat bond market report, some softening of pricing was evident right the way through 2021.
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