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ARTICLE · 04 OCTOBER 2024

Bermuda: It's Impressive How Mainstream Cat Bonds Have Become

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Although Brad Adderley, Bermuda Managing partner at Appleby, doesn't expect 2024 to be another record year for the catastrophe bond market, he's impressed with how mainstream the asset class has become.

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Click here to view the Artemis Q3 2024 Catastrophe Bond & ILS Market Report.

Although Brad Adderley, Bermuda Managing partner at Appleby, doesn't expect 2024 to be another record year for the catastrophe bond market, he's impressed with how mainstream the asset class has become.

After a record-breaking 2023 and first half of 2024 for cat bond issuance, it's been a subdued third quarter for the space, with issuance driven by private deals and yet another cyber cat bond, with just one 144a property cat bond placed.

That being said, issuance in 2024 has already surpassed the $13 billion mark, which has only happened twice previously, so it's clearly still going to be a strong year for the

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