Investor and issuer interest in the catastrophe bond product remains strong amid healthy market dynamics, and the expectation is that 2024 will be another record year for the space, according to Vincent Prabis, Managing Principal, ILS at Hiscox Re & ILS.
With H1 2024 cat bond issuance once again exceeding the $9 billion mark on the back of a record 2023 for the market, Artemis spoke with experienced insurance-linked securities (ILS) professional, Prabis, about market dynamics and the outlook for the months ahead.
“We believe it’s going to be a record year,” said Prabis. “This volume of issuance is a testament to the maturity of the asset class.”
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