Swiss Re Global Cat Bond Index

The insurance-linked securities (ILS) market is coming off a remarkable year, bolstered by record catastrophe bond issuance. According to Jean-Louis Monnier, Head of ILS at Swiss Re Capital Markets the momentum was driven by a mix of significant capital inflows and low market losses, which has ultimately helped create a high demand environment for ILS.

With catastrophe bond market returns remaining elevated, the cat bond market index calculated by Swiss Re Capital Markets rose again in the last week, regaining all of the decline seen from hurricane Milton and more, to now stand 0.25% higher than when that storm hit.

At Friday’s pricing, the catastrophe bond market index calculated by Swiss Re Capital Markets bounced back by more than one percent, leaving the benchmark for the entire cat bond market now only -0.30% down since hurricane Milton, while the US wind specific version of the cat bond index also recovered and is now -1.31% since […]

Responding to the potential impact of losses from hurricane Milton, the catastrophe bond market has fallen by just 1.34% at the end of week pricing of the index calculated by Swiss Re Capital Markets, while the US wind specific version of the cat bond index fell by only 3.64%.

The catastrophe bond market index calculated by Swiss Re Capital Markets has recovered a relatively significant chunk of the ground lost after hurricane Ian, at its last calculation on Friday 28th October 2022.

The catastrophe bond market index calculated by Swiss Re Capital Markets stabilised at its last calculation on Friday 14th October 2022, with a slight rise seen due to spread widening as secondary trades picked up pace following hurricane Ian.

The catastrophe bond market index calculated by Swiss Re Capital Markets, the insurance-linked securities (ILS) specialist arm of the global reinsurance firm, plummeted when priced on Friday, due to the potential impacts and losses cat bonds face after Hurricane Ian.

The Swiss Re Global Cat Bond Index has declined by the largest amount since 2012 on the threat posed by hurricane Matthew’s approach towards Florida, as mark to market losses flowed through into investor and brokers cat bond pricing expectations.

The Swiss Re Global Cat Bond Total Return Index posted an annualised return of 5.77% for the first-half of 2016, up 1.56% on the annualised return recorded in H1 2015, and reflecting more stable pricing the cat bond coupon return component stayed in-line with the level witnessed in 2015.