Alternative capital, ILS capture 20% of catastrophe reinsurance market: Report

Aon Benfield Group Ltd. has said in its recent report that insurance-linked securities and catastrophe bonds, among other vehicles, now account for 20% of the property catastrophe reinsurance market, reported Artemis.bm.

For the 12 months ending June 30, catastrophe bond issuance was up 41% year on year, Aon Benfield said, adding that many records were noted during the period. Aon Benfield predicts catastrophe bond issuances worth $8 billion for 2014.

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