Q3 2022 – 9M issuance strong despite unusually quiet Q3

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the third-quarter of 2022, looking at new risk capital issued and the composition of transactions completed during the quarter.

Q3 is typically the slowest quarter of the year for new catastrophe bond issuance, but at just $266.5 million from seven transactions, six of which are private, or cat bond lite deals, Q3 2022 issuance is especially low, and comes in $666 million under the 10-year average for the quarter.

View the full report HERE.

Q2 2022 – Spreads widen in third busiest cat bond Q2

23 catastrophe bond transactions, comprised of 34 tranches of notes, provided reinsurance or retrocession protection against a variety of perils for sponsors during the second-quarter of 2022. When combined with the three private ILS deals, Q2 2022 issuance reached approximately $5.1 billion.

View the full report HERE.

Q1 2022 – Outstanding market hits new high after strong first quarter

Combined, property catastrophe bond, private cat bond, and other ILS issuance exceeded $3.5 billion in the first quarter of 2022, making it the third most active Q1 in the market’s history, in terms of risk capital issued, and taking the outstanding market size to a new high of $37.5 billion.

View the full report HERE.

Key contacts

Brad Adderley

Managing Partner: Bermuda

T +1 441 298 3243
E Email Brad

Alan Bossin

Partner, Chief Operating Officer: Bermuda

T +1 441 298 3536
E Email Alan

Matthew Carr

Partner: Bermuda

T +1 441 298-3594
E Email Matthew

Tim Faries

Partner: Bermuda

T +1 441 298 3216
E Email Tim

Josephine Noddings

Counsel: Bermuda

T +1 441 298 3553
E Email Josephine

Amber Farrington

Associate: Bermuda

T +1 441 298 3265
E Email Amber

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