Cat bonds continue surge in 2021, but some differentiation emerging
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Cat bonds continue surge in 2021, but some differentiation emerging

Digital analytics data visualization, financial schedule, monitor screen in perspective

Cat bond issuance in 2021 set an annual record at more than $12bn, up from $11.8bn the previous year, amid high investor demand.

But while the cat bond market has generally been tightly priced, even as traditional reinsurance rates rise, ILS sources noted that investors are still reacting to specific climate change concerns.

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