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The outstanding market for catastrophe bonds and related insurance-linked securities has grown 7% to surpass $40 billion in August, Artemis reports. The growth was largely driven by mortgage ILS.
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Turkish airlines cancel flights to Iran and Iraq amid war concerns
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms