Cat bond, ILS issuances reach record high of $14 billion in 2021

Annual issuances of new catastrophe bonds and other related insurance-linked securities increased by 15% to a record high of $14 billion in 2021, surpassing the previous record set in 2020, Artemis reported. According to Artemis’ report, new cat bond and related ILS issuances reached $3.2 billion in the fourth quarter of 2021, alone.