Willis: Cat bonds hit a new high in 2012 with 37% increase
Last year saw the second highest level of catastrophe bond issuance on record signalling strong growth in the market, according to Willis Capital Markets & Advisory.
At year end $5.9bn of catastrophe bonds had been issued, representing a 37% increase over 2011, according to the latest Insurance-Linked Securities Market Update from WCMA.
The fourth quarter of 2012
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