secondary cat bond

Both the price return and total return of the outstanding catastrophe bond market have been depressed in recent weeks by the onset of seasonality and a glut of supply in the secondary catastrophe bond market. The indices we track tell the story of a gradual slide in both metrics as the U.S. hurricane season began […]

The month of May saw the market for secondary positions in outstanding catastrophe bonds continue to see more liquidity, as issuance of new catastrophe bonds continued to be strong throughout the month and investors used the secondary cat bond market to rebalance portfolios allowing them to participate in the new issuance.

The price return of the secondary catastrophe bond market continues to slide slowly down from its recent peak now that supply and demand for outstanding catastrophe bond notes appears to have levelled off somewhat. A combination of returning seasonality and a levelling off of supply and demand dynamics has seen the index we track decline […]

Price returns in the secondary catastrophe bond market have taken another dip in the last fortnight as the pricing pressure we discussed two weeks ago here continues to exert itself on the pricing of outstanding cat bond marks. As we approach the U.S. hurricane season we’re beginning to see cat bond prices looking more seasonal […]

Liquidity increased in the secondary market for catastrophe bond and insurance-linked securities notes in April, helped by continued strong primary cat bond issuance stimulating portfolio rebalancing among investors looking to accommodate new deals. This trend began in March, as we wrote a month ago here, but liquidity increased in April as the need to adjust […]

The secondary catastrophe bond market has begun to see some pressure exerted on certain outstanding cat bond price returns in the last couple of weeks as an element of seasonality returned to the market and the strong primary issuance also took some focus off secondary prices. Cat bond price returns had been rising strongly, helped […]

The Bermuda Stock Exchange (BSX) is now powered by a new technology platform which it hopes will supercharge its ability to facilitate and act as an exchange for trading in securities including catastrophe bonds and insurance-linked securities. The BSX has chosen the NASDAQ OMX Group, Inc.’s X-stream trading platform to power the exchange bringing significant […]

The catastrophe bond indices which we track every fortnight here on Artemis have both continued to rise over the last two weeks. The total return index tells a story that will please insurance-linked securities and cat bond fund managers as it shows that attractive cat bond market returns continue. The price return index has not […]

After a sluggish start to the year, March saw a number of new catastrophe bonds come to market and this primary issuance helped to take some of the pressure off secondary market trading. The year began with low primary issuance, combined with high demand for secondary cat bond marks, resulting in unseasonal price movements and […]

Both the price return and total return of the outstanding catastrophe bond market have continued to rise over the last fortnight as the slightly unusual trend of price firming, some of which has been unseasonal continued. Now that the primary cat bond market has come alive with a number of new issuances during March and […]