Cat bond issuance rises 40% to surpass $23bn in record-setting 2025
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Catastrophe bonds

Cat bond issuance rises 40% to surpass $23bn in record-setting 2025

Cat bond market growth has exceeded broker-dealers' 2025 forecasts by some distance.

By Jai Singh Liz Bury Mehr Gill Ben Wylie
December 22, 2025
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Total cat bond issuance is on course to reach ~$23.4bn for 2025, growing 40.1% year over year and smashing 2024’s record of $16.7bn.

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Catastrophe bonds Analysis Property treaty ILS managers North America UK and Europe
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