Insight and Intelligence on the London & International Insurance Markets 17 Mar 2018
2017 cat bond volumes top records at $11.1bn
- 9 January 2018
Cat bond issuance reached a record $11.1bn last year as sponsors took advantage of low rates and an overhang of supply from 2016 to buy cover.
More than $9.0bn of cat bond cover was issued in the first six months of 2017, but no sooner had H1 closed than the insurance-linked securities (ILS) market faced one of its most testing hurricane seasons to date.
However, the market quickly made up the bulk of write-downs recorded after Hurricane Irma, and by...
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