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Tighter cat bond pricing welcomed by sponsors: Aon Securities

Catastrophe bond and insurance-linked securities (ILS) market conditions improved somewhat for sponsors during the first-quarter of 2023, with tightening of pricing welcomed by re/insurers, Aon Securities has said.

In reporting on the Q1 2023 cat bond market activity, Aon Securities, the ILS and capital markets broker-dealer unit of the insurance and reinsurance broker, explained that the improved cat bond market conditions also helped to increase issuance sizes as well.

“After a difficult Q4 2022, the catastrophe bond market has reassumed its growth trajectory during the first quarter of 2023.

“Transaction sizes have increased markedly from the second half of 2022, with total deal sizes YTD 67% greater on average than those issued during H2 2022,” Aon Securities explained.


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