Catastrophe bond fund news

The catastrophe bond market experienced its third consecutive year of double-digit returns in 2025, with perhaps the most widely used benchmark, the Swiss Re Global Cat Bond Performance Index, delivering a total return of 11.40% for the period.

Fermat Capital Management, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has made a new senior hire in Sandro Tiziani, to strengthen its investor relations and expand distribution reach within the Swiss and Italian markets.

Catastrophe bond funds in the UCITS format closed out a stunning year of growth to reach a significant $19.12 billion of combined assets under management by the end of 2025, representing a record $5.3 billion or almost 39% in growth over the twelve months.

The combined assets under management of the dedicated mutual catastrophe bond and insurance-linked securities (ILS) funds managed by the Pioneer Investments team has continued to rise, with the total now over $2.5 billion, while the pure cat bond fund strategy delivered a 12.82% return and the interval ILS fund 18.66%.

Catastrophe bond market insurance risk spreads, or the discount margin, increased by roughly 6% in the month of December 2025, as spread widening returned to more seasonal norms lifting the overall yield of the catastrophe bond market to 8.80%.

The latest data from the Plenum CAT Bond UCITS Fund Indices shows that the entire group averaged a 9.99% return for the latest available twelve month period, while the lower and higher-risk cohorts of UCITS cat bond funds each averaged a 10.02% return.

2025 is the year all headline catastrophe bond records fell, and the first time annual issuance exceeded $20 billion, rising by 45% year-on-year to $25.6 billion across full 144A and private transactions we analysed. It was supported by record fourth quarter issuance of over $7 billion, the fifth-largest quarter ever, Artemis’ new quarterly catastrophe bond […]

The Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) ILS investment management division of global reinsurance firm Swiss Re will start 2026 with a new CEO, as Leigh Weissman is being promoted to the position and Dr. Mariagiovanna Guatteri will then focus solely on leading the investment strategy as CIO.

Plenum Investments, the specialist manager of catastrophe bond and other reinsurance-linked assets, has announced that its two flagship CAT bond funds have achieved significant milestones, reaching a total combined volume of over $1.1 billion.

At an investment board meeting held this week the Iowa Public Employees’ Retirement System (IPERS) conceptually approved a new allocation to a Man AHL managed catastrophe bond fund, as the pension looks to bring more absolute return strategies into its portfolio.