How did the ILS market perform in the first half?

The insurance-linked securities market experienced a record-breaking influx of new issuances in the first half of 2023, with nearly $9.85 billion issued, surpassing the total issuance for the entire year of 2022 and on track to become the fourth highest year for new issuance, according to a report from Swiss Re. The report also highlighted the cat bond market as a complementary option to the traditional insurance market, with significant activity from both repeat sponsors and new entrants.