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ARTICLE · 08 JANUARY 2025

Expect A Crazy Start To 2025 After Another Record Year

Appleby
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Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

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Annual catastrophe bond issuance hit new heights for the second year running in 2024, and according to Brad Adderley, Managing Partner at law firm Appleby's Bermuda office...

BermudaInsurance
Brad Adderley
Brad Adderley
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Year-on-year, cat bond issuance increased by over $1 billion in 2024 to a new annual high of $17.7 billion, as the extremely active first half of the year and final quarter more than offset a quiet third quarter for the space.

It's the second consecutive year in which annual cat bond issuance has set a new record, and also another year which saw activity levels swell in the final quarter ahead of the 1 January renewals.

In light of this, we spoke with Adderley about what to expect in the opening months of 2025.

"Clearly, issuance in 2024 has been very impressive and strong. But, is 2025 going to be busy? All I can tell you is that every day we are sending out a quote for a new cat bond. It's crazy, and it's showing no sign of slowing down," said Adderley.

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