Property cat bond issuance to surpass $12 billion in 2021

Posted On: Dec. 30, 2020 9:45 AM CST

Issuance of property catastrophe bonds in 2021 is expected to surpass 2020’s record levels and reach $12 billion, as an increasing number of maturing cat bonds are likely to be renewed, Artemis reported. Entry of new sponsors is also expected to drive the cat bond market, keeping it bustling with activity throughout 2021, after the market topped $10 billion in 2020.