Catastrophe bonds and ILS average multiple by year

Cat bond multiples by quarter

We’ve also provided catastrophe bond issuance average multiple data by quarter below, as this can more clearly show sudden changes in price and investor appetite.

The below, average cat bond multiples by quarter chart, can be more volatile through the year due to the types of cat bonds issued, in terms of perils covered.

But, when analysing the data by quarter, it also allows you to see a firming trend, in terms of rising prices which appears to have been underway since 2021.

The quarterly data suggests that the cat bond market could get back to pricing levels last seen in the early 2000’s, if multiples remain higher.

• View other catastrophe bond & ILS market charts and statistics.