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Catastrophe bond & related ILS issuance nears $6bn already in 2021

April 19, 2021

Despite still being less than four months through the year, issuance of new catastrophe bonds and other related insurance-linked securities (ILS) we track here at Artemis is already approaching $6 billion in 2021.

Issuance of catastrophe bonds has continued apace since the end of last year, with now almost $3.6 billion of new 144A property cat bonds successfully brought to market and issued in 2021 year-to-date.

2021 has also seen $350 million of catastrophe bonds exposed to other perils, in this case financial guarantee and health insurance risks, as well as over $217 million of private catastrophe bonds (or cat bond lites), plus nearly $1.8 billion of mortgage insurance-linked securities (ILS).

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