Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance 175: Catastrophe bond issuance already on-track to surpass record for first five months
Apr 26, 2025
09:41
This latest podcast episode is a bit of an experiment, as we've utilised NotebookLM to transform one of our recent articles that analyses catastrophe bond issuance through April 25th 2025 into an audio podcast episode.
Even with a few days to run of the fourth month of the year, catastrophe bond market issuance in 2025 is already on-track to set a new record for issuance through May, as the pipeline of new cat bond deals continues to build.
With new catastrophe bond issuances that have completed and settled this week, the total cat bond issuance tracked in the Artemis Deal Directory has already reached almost $8.25 billion this year.
But, impressively, the pipeline of new cat bonds slated for completion and settlement up to and including the month of May so far has now reached $3.82 billion.
As a result, our forecast for catastrophe bond issuance across Rule 144A cat bonds and the privately placed deals we’ve tracked so far in 2025 has now reached $12.07 billion, with all of that issuance currently scheduled to settle by the end of the week of May 19th at this stage.
Please note, dates of settlement for new catastrophe bond issues can change, so the forecasts could adjust over the coming weeks, but the main story does not change.
The catastrophe bond market remains on record-setting pace and further growth of the outstanding cat bond market is anticipated.
Even with a few days to run of the fourth month of the year, catastrophe bond market issuance in 2025 is already on-track to set a new record for issuance through May, as the pipeline of new cat bond deals continues to build.
With new catastrophe bond issuances that have completed and settled this week, the total cat bond issuance tracked in the Artemis Deal Directory has already reached almost $8.25 billion this year.
But, impressively, the pipeline of new cat bonds slated for completion and settlement up to and including the month of May so far has now reached $3.82 billion.
As a result, our forecast for catastrophe bond issuance across Rule 144A cat bonds and the privately placed deals we’ve tracked so far in 2025 has now reached $12.07 billion, with all of that issuance currently scheduled to settle by the end of the week of May 19th at this stage.
Please note, dates of settlement for new catastrophe bond issues can change, so the forecasts could adjust over the coming weeks, but the main story does not change.
The catastrophe bond market remains on record-setting pace and further growth of the outstanding cat bond market is anticipated.