Broker-dealers forecast $15.6bn of cat bond issuance for 2024
Cat bond broker-dealers have forecast issuance in a range from $13.5bn to $17.3bn for 2024, with the average at $15.6bn, as renewing deals and issuance from new sponsors are expected to continue driving the market.
The average estimate falls just short of 2023’s record issuance of $15.8bn, although at this level issuance in 2024 is still expected to outpace each of the five years from 2018-2022.
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