Bid-heavy demand, tightening cat bond spreads persisted in secondary market: Swiss Re
The secondary market for catastrophe bonds alternated between extended periods of low trading volume and flurries of more active turnover in 2025. However, according to Swiss Re Capital Markets, the market remained relatively “bid-heavy” throughout the majority of the year, with limited offers and tightening spreads reflecting a sellers’ market characterised by excess capacity. In […]