Click here to view the Artemis Q1 2024 Catastrophe
Bond & ILS Market Report.
All signs point to another very strong year for the catastrophe
bond and related insurance-linked securities (ILS) market, and a
lack of new capital entering the commercial reinsurance space
suggests interest in ILS will remain strong, according to Brad Adderley, Bermuda Managing Partner,
Appleby.
Cat bond issuance in the opening quarter of this year picked up
where the record-breaking 2023 left off, hitting a new Q1 high of
$4.23 billion in a busy period for both repeat and new
sponsors.
"Obviously, the volume of issuance and the number of new
sponsors is good for the market, and it will be really interesting
to see whether it continues, especially with the talk about rates
starting to come down," said Adderley in an interview with
Artemis.
