There has been a distinct slowdown in cat bond issuance
throughout 2019 after the heavy loss experiences of the past two
years, but Appleby's Brad Adderley maintains that the market is
"here to stay" and remains poised for further growth in
the years ahead.
"I think we can all agree that there are fewer cat
bonds," Adderley told Artemis during a recent interview at the
offshore law firm's offices in Bermuda.
"If you're a fund which invests in cat bonds and that
is one of your sole investments, and there are not that many cat
bonds out there to buy, what are you doing with your money?"
he queried. "There are not many out there to choose from.
It's a limited inventory at the moment."
