Catastrophe-bond issuance surges, pushing market to $50 billion in 2024

Catastrophe bonds (cat bonds) have reached an all-time high this year, with the total market surpassing $50 billion, as insurers seek new ways to manage escalating risks from climate-related disasters. Sales of these specialised bonds, which provide coverage for extreme weather events such as hurricanes, earthquakes, and wildfires, rose 7% to $17.7 billion in 2024, […]