report

Record first-quarter issuance of new catastrophe bonds and related insurance-linked securities (ILS) resulted in over $5 billion of risk capital coming to market as 2020 got off to a rapid start, driving the outstanding market to a new high according to the latest report and data from Artemis.

A rebound in property catastrophe risk-linked transactions has helped issuance of catastrophe bonds and related insurance-linked securities (ILS) reach a record level in the fourth-quarter of 2019, with $3.3 billion of new deals recorded by Artemis.

Issuance of catastrophe bonds and related insurance-linked securities (ILS) reached above average in the third-quarter of 2019, hitting $1.42 billion. But only thanks to issuance of mortgage insurance-linked notes, which accounted for almost three-quarters of deal volume.

Issuance of catastrophe bonds and related insurance-linked securities (ILS) reached $3.61 billion in the second-quarter of 2019, as repeat sponsors, perils, as well as some returning faces, helped to deliver an above average Q2 and first-half of the year.

Catastrophe bond and related insurance-linked securities (ILS) issuance reached almost $2.5 billion in the first-quarter of 2019, as a number of new sponsors and some new perils came to market helping Q1 to an above average close.

The catastrophe bond and related insurance-linked securities (ILS) market ended 2018 at a new record size of $37.8 billion despite the final quarter of the year seeing an average level of issuance that was dominated by mortgage ILS deals.

Our latest quarterly report on the catastrophe bond and related insurance-linked securities (ILS) market is available to download now. The report, ‘Q3 2018 – New perils help cat bond market to record Q3’, analyses a record third-quarter which saw $2.5 billion of issuance, helping the market to another record size of $36.57 billion.

The spread of excess returns possible between expected loss and catastrophe bond yields at issuance narrowed slightly during the second-quarter of 2018, as the weight of capital pressured rates causing multiples also to dip slightly, data from Artemis shows.

The outstanding market for catastrophe bonds and related insurance-linked securities (ILS) has experienced impressive growth in 2018 so far, growing by 14% across the first half of the year, to a new record size of $35.3 billion.

Our latest quarterly report on the catastrophe bond and insurance-linked securities (ILS) market is now available to download. The report, ‘Q2 2018 – Sponsors and investors show commitment to ILS’, analyses a bumper second-quarter featuring $5.15 billion of issuance, which drove the outstanding market to a new high at $35.3 billion.