Already in 2024, the dollar amount of latest Rule 144A property catastrophe bonds issued and settled has reached the second-highest level on record, with almost $12.8 billion in accomplished property cat bond deals tracked within the Artemis Deal Directory to date this 12 months.

Using our charts you possibly can analyse the combo of issuance we include in our Deal Directory, with this chart particularly useful that breaks issuance down and lets you analyse 144A property cat bond issuance only.

As the most important component of the cat bond market, out of a complete almost $13.8 billion in issuance tracked to date this 12 months, which is already the third highest annual issuance total ever, almost $12.8 billion of that’s from 144A property cat bonds, which at the moment are at their second-highest level of annual issuance on record.

Using this chart, you possibly can exclude the opposite ILS category (where cyber, specialty, life and other 144A non-cat bonds reside), the private ILS category and likewise the mortgage ILS we track, to easily view property catastrophe bonds.

Just click on the category name within the chart key to remove or include them out of your evaluation.

When showing just property catastrophe bond issuance, that is how the chart will look:

At almost $12.8 billion, 144A property cat bond issuance has now surpassed the full-year figure for 2021, which was just over $12.5 billion.

This 12 months is now running only behind 2023 for property cat bond issuance, with some $14.97 billion issued within the full-year.

Overall issuance of catastrophe bonds, 144A property cat, private cat bonds and non-cat 144A deals, continues to run well ahead of trend, with all October issuance now accounted for in our range of cat bond and ILS market charts.

Visit our issuance by month and 12 months chart, which incorporates only cat bond structures (144A cat and non-cat, plus private deals), then exclude November and December from the important thing to see just how far ahead of trend 2024 cat bond issuance is currently running.

With just below $13.8 billion issued by the top of October 2024, that’s well ahead (greater than $2 billion ahead) of the previous record for the primary ten months of the 12 months, which was $11.6 billion in 2021.

There’s one other roughly $580 million in cat bonds still being marketed right away, but a pipeline that continues to construct for the top of the 12 months suggests a record stays possible in 2024.

One final tip for you, related to our range of catastrophe bond and ILS market charts. We have now added a latest feature that lets you view the interactive chart in full-screen.

Just click on the three-line icon within the top-right of a particular chart and choose “View in full screen”. To exit the full-screen view, click the identical three-line icon, or just hit escape in your keyboard.

We hope you discover that a useful addition, as you possibly can now put our charts up in full-screen to assist in your market evaluation, in addition to in furthering education of cedents and investors.

All of our catastrophe bond market charts and visualisations are up-to-date and include data on latest cat bond transactions as they settle.