Catastrophe bond funds in the UCITS format continued to expand their combined assets under management (AUM) through the first-quarter, surpassing the milestone $20 billion in February before declining slightly to just under $19.8 billion by the end of March 2026.
Catastrophe bond funds grew strongly through 2025, adding roughly $5.3 billion or 39% across the asset base of the UCITS structured cat bond fund strategies.
Driving that has been the record levels of new catastrophe bond issuance, as our market reports demonstrate.
With new cat bond issuance outpacing maturities again in the first-quarter of 2026, it’s no surprise that the UCITS cat bond strategies grew further in the period.
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