Swiss Re Insurance-Linked Fund Management

Mt. Logan Capital Management, Ltd.

Q1 2023 – Spreads and multiples soar in busy opening quarter

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This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the first-quarter of 2023, looking at new risk capital issued and the composition of transactions completed during the period.

19 transactions comprised of 29 tranches of notes completed first-quarter 2023 catastrophe bond and related ILS issuance, bringing a combined $3.3 billion of new risk capital to market.

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