The assets under management of the main catastrophe bond funds in the UCITS format increased by 4% over the first-quarter of 2024, to reach a new high of almost $11.4 billion by the end of the period.
Catastrophe bond funds in the UCITS format have been growing rapidly over the last year, with their assets under management (AUM) now up by more than 21% over the last year.
At 76% of the total almost $11.4 billion in UCITS cat bond fund AUM, the three largest funds now make up a significant proportion of this market segment.
However, over the last year the AUM of those three largest UCITS cat bond funds as a group has only increased by 15%, so was outpaced by the overall segment growth in the same period.
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