The consultancy notes that if this year remains free of major losses the soft market may persist another roughly one year
Cat bond soft market not yet at 2017 levels
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Catastrophe bond soft market not yet at 2017 levels, but could last another year: Lane Financial
 The current soft market in catastrophe bonds and insurance-linked securities (ILS) is not yet at the depressed levels seen in 2017, analysis from consultancy Lane Financial LLC shows. But the company suggests the soft cat bond market could last another year, if 2026 continues to run loss-free.
The new analysis shows that prices have continued falling through 2026, resulting in lower weighted average cat bond yields and a multiple across the outstanding non-impaired set of catastrophe bonds of just 1.9 times expected loss. Back in the first-quarter of 2017, the low-point of the previous cat bond soft market, that measure fell to 1.7, the lowest it had been since the data set analysed began in 2005.
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