Catastrophe bond funds in the UCITS format accelerated their growth in the first-quarter of 2025, with cat bond assets under management across the now seventeen UCITS cat bond fund strategies growing 11% to reach a new record-high of just under $15.3 billion.
UCITS catastrophe bond funds had been growing strongly last year, hitting a new high of just over $13.8 billion in cat bond assets under management at December 31st 2024, adding an impressive 26% over the course of the twelve-month period.
With catastrophe bond issuance starting off 2025 on record-setting pace, thanks to the $7.1 billion of issuance we analysed in our recent cat bond market report, these UCITS format cat bond fund strategies have continued to expand to grow their capital to support cat bond sponsor needs for reinsurance capital.
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