Cat bond activity down so far in 2008
(BestWire) — The first nine months of 2008 have seen a decrease in the issuance of catastrophe bonds to about $2.73bn (£1.56bn) from $5.38bn in the same period last year, according to Emmanuel Modu, managing director and global head of structured finance of AM Best.
Much of this dip can be attributed to the softening of the reinsurance market, said Mr Modu at the company's preview and review Europe in London. He noted the strong capital positions of insuranceOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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