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Catastrophe bond issuance surges
09 August 2010
Eight catastrophe bond deals worth more than £2 billion in risk capital were completed in the second quarter of 2010
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catastrophe bonds
Eight catastrophe bond transactions totalling more than £2 billion in risk capital were completed in the second quarter of 2010, making it the second most active second quarter on record, according to a new report issued today by Guy Carpenter Company and GC Securities, a division of MMC Securities Corp. The report, Cat Bond Market Update: Second Quarter 2010, found continued strong investor demand for new issuance, with conditions for sponsors remaining favourable. Despite substantial new issuance, total risk capital outstanding in the catastrophe bond market at the mid-point of 2010 declined by 0.80% ($105...
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