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ILS, cat bond issuances rise to nearly $7 billion: Munich Re

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A report by Germany-based Munich Reinsurance Co. has found that insurance-linked securities and catastrophe bond issuances grew to $6.7 billion in 2016, driven partly by increased investor appetite for diversification, Artemis.bm reports. "Diversification in the market was mainly spurred by an increase in Japan wind/earthquake exposure, particularly via two transactions – Aozora Re 2016 and Nakama Re 2016 – and an overall lower share of U.S. wind issuance," said Munich Re.

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