The total-return of the outstanding catastrophe bond market in 2023 reached a record level of 19.69%, according to full-year data from the Swiss Re Cat Bond Performance Indices.
While the Index failed to reach the magic 20% mark by the end of the year, it has still set an extremely high bar in 2023 for any future years to compete with.
The Swiss Re catastrophe bond Index is the most widely used benchmark for the total-returns delivered by the current pool of outstanding cat bonds.
As a measure of cat bond market performance, this Index has been on-track to set a record since the early part of last year.
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