With the catastrophe bond market seeing eleven new sponsors enter the space so far this year, the trend highlights how involvement in the market has become more acceptable, and how sponsors are increasingly comfortable with cat bonds overall, according to Brad Adderley, Partner at global law firm Appleby.
Artemis spoke to Adderley at RVS in Monte Carlo about the substantial growth of the cat bond market in 2025, as well as how the role of sidecars are evolving within the insurance-linked securities (ILS) space.
A joint record eight new sponsors entered the cat bond market in Q2 2025, taking the year’s total to 11. At RVS, we asked Adderley what he believes is driving this continuous wave of new sponsors.
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