The Uninsurable Frontier

Cat bonds, parametric, and ILS are pricing the peak peril that traditional reinsurance is shedding. A record $25.6B of 2025 cat-bond issuance against a $61.3B outstanding market. A map of who is now holding catastrophe risk, and on what terms.

Author

Zacharias · Principal

Pages

13

Timeliness

Current

Issue date

2026-05-26

Classification

Public

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