Swiss Re Insurance-Linked Fund Management

Mt. Logan Capital Management, Ltd.

Q2 2024 – Cat bond issuance accelerates, growing outstanding market to new record

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This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the second-quarter of 2024, looking at new risk capital issued and the composition of transactions completed during the period, as well as reviewing half-year cat bond activity.

After a record first quarter for cat bond issuance, positive momentum was not only sustained but accelerated in the second quarter, taking first half 2024 issuance to an impressive $12.6 billion, which is another record for the sector.

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