ILS market posts stellar returns yet again in 2024

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<namePart>Modu, Emmanuel</namePart>
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<namePart>Tang, Wai</namePart>
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<namePart>Tuite, Matt</namePart>
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<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">In 2024, the insurance-linked securities (ILS) market achieved record-breaking growth, with total capacity reaching $107 billion by year-end, fueled by strong returns, retained earnings, and significant new capital inflowsespecially in catastrophe bonds and 144A natural catastrophe bonds, which also set issuance records. This surge was supported by two consecutive years without major catastrophe losses. However, at the January 1, 2025 renewals, property catastrophe capacity exceeded demand, raising concerns about oversupply amid heightened investor interest and continued capital inflows</abstract>
<tableOfContents displayLabel="Contents">ILS capacity reaches new heights -- Supply exceeds demand at january 2025 renewals -- Heavy natural catastrophe insured loss volume -- Record 144A cat bond issuance -- Notable deals contribute to record issuance -- Cat bond loss multiples soften -- Strong returns continued -- Growing interest in parametrics -- Cyber ILS market build out continues</tableOfContents>
<note type="statement of responsibility">Emmanuel Modu, Wai tang, Matt Tuite</note>
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<topic>Seguros vinculados a valores</topic>
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<topic>Bonos</topic>
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<topic>Diversificación de los riesgos</topic>
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<topic>Mercado de seguros</topic>
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<topic>Perspectivas del seguro</topic>
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<topic>Fondo de Catástrofe</topic>
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<topic>CAT</topic>
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<title>Best's special report</title>
<partNumber>March 17, 2025</partNumber>
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