The catastrophe bond market has seen very attractive execution on behalf of sponsors so far this year, with a number of factors driving this that have all resulted in abundant capital being available to settle new cat bond issuances, typically at larger sizes and lower pricing.
As we’ve explained, new catastrophe bond issuance in 2025 has already surpassed $5 billion settled and the first-quarter of the year will set a stunning new record for the marketplace at in excess of $6 billion.
This has helped our measure of the outstanding cat bond market to surpass $50 billion in risk capital for the first time ever.
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