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About $2.5-$3 billion of cat bond, ILS deals likely in fourth quarter: Aon executive

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Paul Schultz, CEO of Aon Benfield Securities, said that the catastrophe bonds and insurance-linked securities market will surely see a surge in the fourth quarter of 2014, reports Artemis.bm citing A.M. Best Co. Inc.

Mr. Schultz estimates around $2.5 billion to $3 billion of new cat bonds and ILS deals in the fourth quarter, up from just $364 million in the third quarter.

Meanwhile, Cory Anger, global head of ILS structuring at GC Securities, told A.M. Best that some of the deals could move into early 2015.

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