2018 cat bond issuance at least $10bn
Saturday, 02 03 2018, Category: Insurance and Reinsurance, Country: World
Catastrophe bond issuance broke records in 2017 surpassing $10 billion for the first-time in the market’s history, and despite the impacts of third and fourth-quarter catastrophes, reinsurance broker Guy Carpenter is expecting another double-digit issuance year.
This is according to Cory Anger, Managing Director, Global Head of ILS Origination and Structuring at GC Securities, the capital markets and insurance-linked securities (ILS) arm of Guy Carpenter. “We estimate total cat bond issuance in 2018 will be at least $10 billion” Anger told Artemis