Fitch Ratings, a provider of credit ratings, research, and risk analysis, expects to see a further expansion of alternative reinsurance capacity in 2025, supported by cyber catastrophe bond issuances, which will add to the reinsurance sector’s capital base and help absorb earnings volatility.
Looking back at 2024, three cyber cat bonds were introduced to the insurance-linked securities (ILS) market.
If we also include the seven that were issued in 2023, this means that we have seen 10 cyber cat bonds since they were first introduced to the market in early 2023.
As a reminder, you can view our Deal Directory, where you can analyse details of almost every cat bond ever issued and filter the list by peril to show only cyber cat bonds.
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