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International

Cat bond limits rise 24% in Asia-Pacific: Guy Carpenter

November 12, 2018 Reprints

U.S.-based reinsurance broker Guy Carpenter and Co. L.L.C. said that the amount of catastrophe bond limit covering Asia-Pacific risk grew 24% year over year to nearly $3.5 billion in the first nine months of 2018, Artemis.bm reports. The reinsurance broker said that most of the cat bond risk is solely exposed to Japan. Insurance-linked securities and cat bond limits are likely to expand in the disaster-prone region and provide global diversification opportunities for the ILS market, Guy Carpenter added.

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Cat bond limits rise 24% in Asia-Pacific: Guy Carpenter

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