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The outstanding market size of catastrophe bonds and related insurance-linked securities hit a new high of $34.3 billion in the first quarter of this year, Artemis reported. The size has continued to grow as ceding companies increasingly view securitized access to the capital markets for reinsurance as an attractive option for transferring peak risks.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms