H1 2018 Generated $7.4B in New Catastrophe Bond Issuance: PCS

July 11, 2018

Catastrophe bond issuance for the 2018 first half failed to reach the record levels hit over the same period a year ago. The result was still positive and noteworthy, according to a new report from PCS/Verisk Insurance Solutions.

The $7.4 billion in catastrophe bond issuance achieved in the 2018 first half compared to $8.8 billion raised in H1 2017. The PCS report said the number was “impressive” anyway, reflecting “much more underlying diversity than we’ve seen in the catastrophe bond market in the past.”

There were 24 transactions in the first six months of 2018. Of the total $7.4 billion, $600 million in fresh limit came from first-timers. The remainder came from sponsors who “routinely turn to the catastrophe bond market ahead of the June 1 reinsurance renewal,” PCS said.

Other details from the H1 2018 bond issuance

Source: PCS/Verisk Insurance Solutions