About $2.5-$3 billion of cat bond, ILS deals likely in fourth quarter: Aon executive
Posted On: Oct. 8, 2014 12:00 AM CSTPaul Schultz, CEO of Aon Benfield Securities, said that the catastrophe bonds and insurance-linked securities market will surely see a surge in the fourth quarter of 2014, reports Artemis.bm citing A.M. Best Co. Inc.
Mr. Schultz estimates around $2.5 billion to $3 billion of new cat bonds and ILS deals in the fourth quarter, up from just $364 million in the third quarter.
Meanwhile, Cory Anger, global head of ILS structuring at GC Securities, told A.M. Best that some of the deals could move into early 2015.