US$4.24 billion in cat bonds issued in Q1 of 2018: Artemis | Canadian Insurance

US$4.24 billion in cat bonds issued in Q1 of 2018: Artemis

Interest in insurance-linked securities remains strong despite cat losses in 2017

The first quarter of 2018 has seen a record US$4.24 billion in new catastrophe bonds issued to global investors, according to data from

“After a trying second half to 2017, when the catastrophe bond market and other insurance-linked securities (ILS) instruments suffered their largest losses to date, the resilience and robustness of the ILS market has been clearly demonstrated by this bumper issuance in Q1 of 2018,” Steve Evans, owner and editor of Artemis, said in a news release.

This marks the fifth straight year that cat bond issuance has broken records in the first quarter. Artemis predicts that by the end of 2018, the amount of insurance and reinsurance capital provided via non-traditional sources from capital markets will likely surpass US$100 billion.

“Investors, such as global pension funds, sovereign wealth funds, family offices, and other institutional money managers, continue to demonstrate a strong appetite for insurance and reinsurance as an asset class,” Evans said.

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