Strong investor appetite drives $17 billion in issuances in H1 2025 as total CAT bond market size reaches $56 billion milestone, Swiss Re reports.
The catastrophe bond market has achieved remarkable growth in the first half of 2025, with issuance surpassing $17 billion across nearly 60 transactions to become the second-largest year since the market’s inception, according to Swiss Re Capital Markets.
The first six months of 2025 marked the third consecutive year of record-breaking catastrophe bond issuance, with the overall market size — new and outstanding bond issues — climbing to $55.8 billion, after surpassing the $50 billion benchmark. This represents more than 75% growth since the end of 2020, demonstrating the market’s expanding relevance in the insurance landscape, according to Swiss Re.
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