Surge in catastrophe bond issuance stabilises transfer of mounting peak risks

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<title>Surge in catastrophe bond issuance stabilises transfer of mounting peak risks</title>
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<namePart>Holzheu, Thomas</namePart>
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<namePart>Lechner, Roman</namePart>
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<dateIssued>2023</dateIssued>
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<abstract displayLabel="Summary">Record-high catastrophe bond issuance in 2023 is a sign of attractive conditions for investors as well as the growing demand for transfer of peak risks such as large natural catastrophes. The USD 15 billion new cat bond issuance will not tilt the supply-demand balance in the global reinsurance market significantly in our view, since alternative capital for reinsurance has been flat overall since 2017 and the retrocession market remains tight</abstract>
<note type="statement of responsibility">Thomas Holzheu, Roman Lechner</note>
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