First quarter of 2012 sees record for cat bonds
There was a record issuance in the catastrophe bond market in the first quarter of 2012, with eight new non-life issues providing more than $1.3bn of risk capital, according to the latest Insurance-Linked Securities Market Update from Willis Capital Markets & Advisory.
The quarterly report, Strong start to 2012 sees record first quarter issuance, noted that the market had $13.3bn of outstanding non-life capacity at the end of the first quarter, two-thirds of which
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