The catastrophe bond market continued its strong momentum in 2026 driving another record period of issuance in the first-half of the year and analysis from global reinsurance firm Swiss Re’s Capital Markets division shows that since 2021 the outstanding cat bond market has been expanding at a roughly 15.5% compound annual growth rate.
Over the first six months of the year the insurance-linked securities (ILS) market “continued to reaffirm” its important “role as a deep and resilient source of catastrophe risk capital,” Swiss Re explained in its new ILS market report today.
2026 began with “strong momentum” on the back of a record year of issuance of new cat bonds in 2025, with activity supported by a “robust investor demand and a steady pipeline of new and returning sponsors seeking protection.”
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