We review the catastrophe bond and insurance-linked securities (ILS) market at the end of the first-quarter of 2020, looking at new cat bond risk capital issued and the composition of transactions completed during the quarter.
For the first time in any first-quarter and a rarity in any period, catastrophe bond and ILS new issuance exceeded $5 billion in Q1 2020.
Also impressive, is the fact almost $3.9 billion of the new risk capital brought to market focused on catastrophe risk issuance.
Catastrophe bonds remain a very important source of reinsurance coverage for protection buyers and an attractive alternative investment opportunity for investors.
Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance