185: Catastrophe bond issuance shatters records in 2025 nearing $20 billion

By Artemis.bm's figures, annual catastrophe bond issuance across all the types of deals we track has now shattered the previous full-year record in just over six months in 2025.

At over $17.8 billion, new issues of Rule 144A catastrophe bonds and private cat bonds have broken the record set in full-year 2024.

The outstanding cat bond market has grown by roughly 15% since the end of last year and average cat bond deal sizes are up notably as well.

Listen to this podcast episode for more insights into the record year of catastrophe bond issuance in 2025, according to Artemis.bm's data.