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Cat bond sponsors have recovered 2.69% on a paid loss basis: Swiss Re

Over the history of the catastrophe bond market, sponsors have recovered some 2.69% on a paid loss basis, which on a reported loss basis would have seen recoveries of 3%, according to Swiss Re Capital Markets.

The investment banking and insurance-linked securities (ILS) specialist unit of global reinsurance giant Swiss Re highlighted these reinsurance recovery trends for the cat bond market in a recent report.

Over the course of last year there were a number of recoveries made under catastrophe bonds, but these were mainly driven by catastrophe losses that occurred in prior years, in particular hurricane Ian, Swiss Re Capital Markets explained.


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