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Catastrophe bond market will set new issuance records in 2023

Annual global catastrophe bond and related insurance-linked securities (ILS) issuance is officially on-track to breach $14 billion for the first time ever in 2023, while traditional 144A property cat bond issuance will also reach a new record high, according to Artemis’ market data.

Catastrophe bond issuance has already been exceptionally strong this year, with completed 2023 issuance currently sitting at more than $11.4 billion, which is roughly $1 billion higher than total 2022 issuance, and already the fourth highest on record for a single calendar year.

But, as shown by the Artemis Deal Directory, there are currently 15 new cat bonds still waiting to price or settle which are all scheduled to be completed before the end of this year.


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