Insight and Intelligence on the London & International Insurance Markets 22 Jan 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...
- If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
- Login Free trial