Cat bond issuance at $3.58bn in Q1
Saturday, 04 28 2018, Category: Insurance and Reinsurance, Country: World
Catastrophe bond issuance during the first quarter of 2018 stood at $3.58 billion across 10 transactions – a new record for first quarter issuance, easily surpassing the 2016 and 2017 issuance volumes of approximately $2.2 billion, according to a new Insurance-Linked Securities Q1 2018 Update by Aon.
Repeat sponsors led the first quarter in terms of issuance volume, sponsoring $2.28 billion of property catastrophe bonds.
The first quarter saw the ILS market expand into new areas – both in terms of geography and perils covered, the report added.
Source: Intelligent Insurer