Click here to view the Artemis Q2 2024 Catastrophe
Bond & ILS Market Report.
Significant catastrophe bond issuance at the halfway point of
2024 means it's already the third highest year in the
market's history, and there's a good chance it will hit the
$20 billion mark by yearend, according to Brad Adderley, Bermuda Managing Partner at
global law firm, Appleby.
With first half 2024 cat bond issuance running more than 22%
ahead of the same period last year, we spoke with Adderley about
the outlook for the rest of the year and the sustainability of
current issuance levels, as well Bermuda's continued dominance
as an insurance-linked securities (ILS) domicile.
"The unexpected increase, in terms of issuance, is very
curious," said Adderley. "It was only a couple of months
ago we were all reading about spreads going down, and then they
started going back up. So, it was almost like a blip for a
while."
