Takeaways by Bloomberg AI
- John Seo says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before.
- The rise in first-time sellers has been driven by the rise in inflation, which has added about 50% to the cost of rebuilding property over the past half decade.
- Seo expects cat bond sales of about $24 billion this year, testing last year’s record, and says the issuance surge is far from over.
Bloomberg Green
By Gautam Naik
February 20, 2026