Novel Cat Bonds On The Horizon

On the back of a robust opening quarter, catastrophe bond issuance remained strong in the secondquarter of 2022, and with interest from new sponsors with novel transactions, growth could be on the horizon, according to Brad Adderley.

"We have done a fair amount of cat bonds in Q2, and we have not had any transactions fail or not proceed," said Adderley, Bermuda Managing Partner at Appleby, speaking with Artemis.

As we've documented at Artemis throughout the quarter, a number of cat bonds brought to market failed to complete, although this clearly wasn't the case for Appleby

"We normally have, say, one deal every six months where they start and later stop, and this can be for a variety of reason which are not necessarily always negative. But, that just hasn't happened this year.