The insurance-linked securities (ILS) market has entered 2026 with significant momentum, driven by an unprecedented surge in catastrophe bond issuance and strong global demand for protection. SCOR Investment Partners believes this robust primary activity will play a critical role in sustaining current spread levels across the market throughout the year.
In its most recent market insights report, SCOR Investment Partners, the specialist asset management arm of the French reinsurance firm, noted that as the industry moved into 2026, the pace of cat bond issuance has already accelerated sharply.
“January alone brought close to USD 3 billion in new transactions across 9 deals, an unprecedented start that points toward another highly active first half. Broker indications suggest that the pipeline remains robust, raising the possibility that issuance volumes could match or surpass last year’s record of USD 17 billion. This sustained primary activity, supported by strong global demand for protection, should help maintain current spread levels across the market,” SCOR Investment Partners said.
FULL ORIGINAL PUBLICATION HERE