Q4 2023 Catastrophe bond & ILS market report : an unprecedented year of new risks,records, and huge market growth

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      <subfield code="a">In 2023, catastrophe bond and related ILS issuance hit a new a high of more than $16 billion, rising approximately $5.9 billion year-onyear and beating the previous high by almost $2.4 billion. More transactions came to market in 2023 than any previous year as repeat, and an impressive number of new sponsors took advantage of favourable market conditions and tapped the capital markets for their reinsurance needs</subfield>
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