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Annual issuances of new catastrophe bonds and other related insurance-linked securities increased by 15% to a record high of $14 billion in 2021, surpassing the previous record set in 2020, Artemis reported. According to Artemis’ report, new cat bond and related ILS issuances reached $3.2 billion in the fourth quarter of 2021, alone.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees