issuance

European insurers accelerated their use of subordinated debt markets in the first quarter of 2025, with issuance volumes hitting their highest Q1 level in 14 years, according to specialist insurance-linked securities (ILS) manager Twelve Securis.

Analysts at Fitch Ratings have said that any realised catastrophe bond losses from the Los Angeles wildfires are expected to be small, however these are not anticipated to impede cat bond market issuance.

One of the attractive aspects of sponsoring a catastrophe bond is more transparent ‘price discovery’ during the issuance process, something which is harder to achieve with traditional reinsurance negotiations, according to Argo’s Mark Gibson.

The second-quarter of 2014 will go down in catastrophe bond and insurance-linked security (ILS) market history as the busiest quarter ever, with a stunning $4.634 billion of new cat bond and ILS risk capital recorded in the Artemis Deal Directory.

The catastrophe bond and insurance-linked securities (ILS) market is set to hit a major milestone before the end of June, with record issuance of over $10 billion coming to market in a single twelve month period, according to data in the Artemis Deal Directory.

Catastrophe bond and insurance-linked securities (ILS) issuance has accelerated rapidly during the second quarter reaching $5.5 billion of new cat bonds issued to date in 2014, according to the volume of deals recorded in the Artemis Deal Directory.

2014 is off to a strong start as the total volume of catastrophe bonds and insurance-linked securities (ILS) issued during the first-quarter and listed in the Artemis Deal Directory hit a record level, with $1.585 billion of new risk capital issued in Q1 2014.

The total volume of catastrophe bonds and insurance-linked securities (ILS) issued during 2013 and listed in the Artemis Deal Directory hit $7.6417 billion by the end of the year as a flurry of deals in December closed the year at an all time high of $20.5 billion.

2013 catastrophe bond issuance has passed the $7 billion milestone for the first time this year with the completion of the latest catastrophe bond from insurer AIG, Tradewynd Re Ltd. (Series 2013-2), which takes the size of the cat bond market over $20 billion.

Munich Re, the world’s largest reinsurance firm, expects that issuance of catastrophe bonds and non-life insurance-linked securities in 2013 will beat the record volume issued set in 2007, according to its latest quarterly ILS market report.