Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

An introduction to catastrophe bonds

Introduction

Catastrophe bonds (cat bonds for short) have received significant interest in recent years, with 2023 breaking the record for total issuance at US$16.45 billion (previously set in 2021). We believe this trend is likely to continue as the first half of 2024 surpassed the prior year’s first-half record. As of the time of this writing, the size of the market (capital outstanding) has grown about 32% since the end of 2021, while yields are at attractive levels last witnessed in 2012.

Download the full paper

 

  •   17 October 2024
  •      
  •   

 

Leave a Comment:

banner

Sponsors

Alliances

© 2025 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.