Catastrophe bond market issuance has already set a new record for the first-four months of the year in 2025, even with half the month of April still to run and billions more in issuance scheduled to settle before May, which has the potential to make this the busiest four-month stretch ever for the sector.
The stunning start to 2025 for the catastrophe bond market continues, with supply of new cat bonds continuing to accelerate.
Having already set a new record for first-quarter cat bond issuance, even with April only half way through the amount of risk capital issued in catastrophe bond format has already exceeded the record set a year ago for the first four months of the year.
Currently, we’ve analysed and tracked approaching $7.9 billion of new and settled cat bond issuance in the Artemis Deal Directory this year.
A further $100 million gets added to that total tomorrow, as the Zenkyoren sponsored Nakama Re 2025-1 issuance is scheduled to settle then, so the total will be approaching $8 billion at that stage.
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