ILS issuance reaches new Q1 record high
Thursday, 06 01 2017, Category: Insurance and Reinsurance, Country: World
Insurance-linked securities (ILS) deal volume in the first quarter of 2017 reached a new record level for first quarter global issuances, according to the latest Bermuda ILS Market Report.
There were 14 new bonds issued, totalling $2.8 billion during the quarter to surpass the previous record level set in the first quarter of 2016 (10 deals; $2.2 billion). This volume is, however, below the $4.5 billion recorded in the second quarter of 2014.
Source: Intelligent Insurer