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A report by Aon Securities predicts further growth this year after the property catastrophe bond market grew 104% year-on-year with around $11 billion of new issuance in 2020, Artemis reported. The positive momentum will continue in the first quarter and the second quarter of this year with the expected maturities of approximately $2 billion, and $4.3 billion respectively, and the issuance could hit $12 billion in 2021, Aon predicts.