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According to Artemis’ Deal Directory data, which tracks issuances of catastrophe bonds and related insurance-linked securities, the outstanding market has hit a record high of more than $47 billion in risk capital outstanding, having already risen by 5% since the end of last year.
Artemis’ issuance of private cat bonds and 144A bonds has reached $7.7 billion so far in 2024.
The catastrophe bond market is running at a record-setting pace again in 2024 and with a number of large cat bond deals expected and the pipeline still looking strong, we’re now anticipating a new half-year record for issuance could be set.
Artemis now has a measure of outstanding risk capital for the market of almost $47.2 Billion.
It’s the first time the outstanding catastrophe bond and related insurance-linked securities (ILS) market has been above $47 billion in size, a new milestone for this market.
The outstanding market for cat bonds and ILS was only just below…
