Cat bond issuances slow in fourth quarter

The catastrophe bond market saw a lower than average $1.6 billion of issuance in the fourth quarter of 2022, but the full-year total still reached $10.5 billion, Artemis reported. A combination of property catastrophe risk 144A cat bond deals, privately placed transactions, and deals covering other, non-catastrophe exposures brought $1.6 billion of new risk capital to market in the quarter.