Catastrophe bond new issuance continues apace in 2024 and has reached $12.1 billion including the latest deals to hit the market and settle today, which means the pace of issuance is now running 29% ahead of the prior year, according to the latest data from Artemis.
That rate of issuance is particularly notable, especially as last year set a new catastrophe bond market issuance record for the first-half.
In fact, the cat bond market in 2024 is already more than $1.8 billion ahead of the first-half issuance record set a year ago, which was $10.3 billion.
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