Positive cat bond market momentum to continue in 2021: Aon Securities

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The property catastrophe bond market experienced a record year in 2020 with around $11 billion of new issuance and leading broker dealer Aon Securities believes the positive momentum will persist.

Aon Securities, the capital markets and insurance-linked securities (ILS) focused unit of the global insurance and reinsurance broker, said in its latest report that 2020 saw property catastrophe bond issuance rise by 104%, compared to the prior year.

Given this was the year the COVID-19 pandemic broke out and swept the globe, the increase in cat bond market activity is particularly impressive.

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