According to Swiss Re Capital Markets, the insurance-linked securities (ILS) market continued the growth trend of recent years throughout 2024, as the last twelve months were marked by a “robust performance” for cat bond investors in the absence of events large enough to have a significant impact on the market.
In a new report, the investment banking and insurance-linked securities division of global reinsurance firm Swiss Re explained that the ILS market has grown by 10.5% year-on-year, and is on track to exceed USD 50 billion of notional outstanding in the near future.
The reinsurer’s Capital Markets division also stated that a strong issuance pipeline contributed to the growth of the market, despite a large volume of bonds maturing, as a “very active” second and fourth quarter ultimately helped the year reach USD 17.2 billion of primary issuance.
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