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Cat bond market to grow: Aon

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Paul Schultz, chief executive of U.S.-based consultancy firm Aon Securities Inc., said that the catastrophe bond market across the world is expected to grow, driven by new risks and perils in different regions, Artemis.bm reports. Mr. Schultz said that newly set up insurance-linked securities centers in Singapore and the United Kingdom could help expand regional cat bond markets.

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