Catastrophe bond issues set for high

first_img whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Catastrophe bond issues set for high NEW issues of insurance catastrophe bonds should rapidly rebound to pre-financial crisis highs as securities markets stabilise, insurance broker Aon Benfield said yesterday.Investors are showing sustained interest in so-called cat bonds, which enable insurance companies to transfer big risks such as for hurricane or earthquake damage to financial market investors, while their prices have also remained attractive for sponsors of the bonds, the broker said.Aon Benfield, the world’s biggest insurance brokerage, said in its review of the insurance-linked (ILS) market over the last year that it expected a rise in the number of ILS transactions and deal sizes in the coming months. “We expect catastrophe bond issuance to increase and quickly approach the peak levels witnessed in 2007,” it said.Cat bond issuance totalled just over $7bn (£4.5bn) in the year to 30 June, 2007, and was at nearly $6bn in 2008 before falling sharply as the financial crisis struck.The market for cat bonds has since improved as investors’ memories faded of the financial crisis, soothed by double-digit returns for many ILS securities.Those surging returns are however unlikely to be sustainable in the months ahead, Aon Benfield warned yesterday. Monday 23 August 2010 7:49 pm Show Comments ▼ Share Tags: NULLlast_img read more