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Catastrophe bond and insurance-linked securities issuance reach a historic high of $6 billion in the fourth quarter of 2020, almost $3.5 billion above the 10-year average for the quarter, Artemis reported. According to the Artemis Deal Directory, the historically high levels of both issuance and transactions in the fourth quarter bolstered annual issuance to a record level of $16.4 billion despite the COVID-19 pandemic.