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SSREY - Catastrophe Bond Yields Jump Higher In Slower Q1 Market: Willis Re
Swiss Re Ltd. ADR
Despite an overall slower level of issuance of non-life catastrophe bonds in the first quarter of this year, broker Willis Re notes that yields are on the rise as investors and ILS funds demand higher returns after recent losses.
There was only just slightly over $1.1 billion of 144a non-life catastrophe bond issues during the quarter, a lot slower than the average of $1.8 billion over the most recent six first quarters, the reinsurance broker notes.
However, Willis Re's ILS market report only really looks at these 144a cat bond deals, which are the most