UCITS Catastrophe Bond Funds – assets under management

UCITS cat bond funds – a growing part of the insurance-linked securities asset class

With catastrophe bond issuance accelerating in recent years, setting significant new records, the cat bond investment fund market has grown its capital base to support these expanding levels of market activity.

As a result, the UCITS catastrophe bond fund sector has grown rapidly, with some funds experiencing particularly rapid expansion of their cat bond assets under management, a trend that continues in 2026.

The UCITS cat bond fund sector reached $20 billion for the first time in February 2026, then grew with the strong cat bond issuance pipeline to surpass $21 billion of combined AUM during July, representing 10% growth of the asset base of this cat bond fund sector in 2026 by that stage.

UCITS cat bond fund assets under management as a group have grown by 140% since the end of 2022, 92% since the end of 2023 and have added an impressive almost 53% in AUM since the start of 2025.

UCITS catastrophe bond fund assets under management – By year

Our first chart displays the assets under management of UCITS catastrophe bond funds by year, with all figures cited as of year-end. In addition, the current year is updated on a quarterly basis, so this figure is accurate to the end of the quarter stated.

UCITS catastrophe bond fund assets under management – By month

Our second chart on UCITS cat bond fund AuM displays the total by month, which makes for a more granular view of UCITS catastrophe bond fund sector growth.

This month-by-month view, also enables you to see periods where UCITS cat bond fund AUM may have dipped due to catastrophe loss activity, or because of outflows (including outflows during the early months of the COVID-19 pandemic). It also shows more clearly any periods of significant investor inflow to the UCITS cat bond fund sector.