PCS Q3 2015: Catastrophe bond report

The third quarter has been quiet for the past couple of years. Following strong issuance activity in the third quarters of 2012 and 2013, issuance of property catastrophe bonds fell to zero last year. This year, we saw an interesting mix of activity, though light. Including the cat bond lite space, nearly $700 million in issuance occurred. Outside the “lite” market, sponsors completed three relatively small transactions for $600 million in new limit, bringing the year-to-date total to $4.7 billion.

This catastrophe bond report studies the latest trends impacting catastrophe bond issuance, cat bond lite and publicly managed entities.