Catastrophe bond spreads back at their highest since 2012/13


Artemis’ data on the catastrophe bond market shows that excess spreads, so the return available above expected loss, of new issuance so far in 2020 is now back at levels last seen in 2012/13.

The market for catastrophe bonds and related insurance-linked securities (ILS) has already broken records in 2020, with more set to fall.

Earlier in November, our Deal Directory saw a first record broken as the number of deals issued in 2020 so far surpassed a record previously set in 2018.

Then, just over a week ago, catastrophe bond and related insurance-linked securities (ILS) issuance in 2020 reached a new annual record, exceeding $14 billion for the very first time.

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