Catastrophe bond price changes from mid-point of initial guidance
The chart on the page displays a visualisation of how much in percentage terms catastrophe bond prices at issuance had on average moved from their initial mid-point of guidance, by quarter.
Based on data from the Artemis Catastrophe Bond & Insurance-Linked Securities Deal Directory, this chart enables you to view and analyse the average percentage price change from the initial mid-point of price guidance to the final risk interest spread at issuance, across tranches from: pure 144a catastrophe bond deals; other cat bond like deals featuring specialty, life, mortality risk, etc; and private cat bond lites or private ILS deals where we have pricing details.
Note, this data is kept current and this chart is regularly updated as new catastrophe bond and similarly structured insurance-linked securities (ILS) deals are launched, where we have the initial price guidance and spread details for them.
Catastrophe bond price changes from mid-point of initial guidance – by quarter
For each quarter, we track the initial price guidance for each catastrophe bond that comes to market and the final priced risk interest spread at settlement, then work out the average percentage move from the mid-point of guidance to the finalised spread, upwards or downwards, across all issues during the period.
The data to create this chart is taken from the Artemis Deal Directory so can include some private catastrophe bond transactions, as well as any life, mortality or longevity insurance-linked security deals where we have the initial price guidance and the final spread.
Every effort has been made to accurately reflect the size of the catastrophe bond market and the amount of catastrophe bond and ILS issuance each year.
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