Cat bond issuance reaches $8.15bn in 2017
Friday, 06 02 2017, Category: Insurance and Reinsurance, Country: World
The catastrophe bond and insurance-linked security (ILS) market has reached another milestone as of the 1st June 2017, with issuance for the year now at $8.15 billion which takes the size of the outstanding cat bond market to a new record at over $29 billion.
The cat bond market continues to set new records in 2017, with the $8.15 billion of issuance seen so far ensuring that this year will be at least the third most issuance in the market’s history.
The figure means new second-quarter and half-year issuance records for the catastrophe bond market, far exceeding any previous years issuance totals by this date.