Insurance-linked securities issuance reaches record $8.7 billion in 2014
Posted On: Dec. 24, 2014 12:00 AM CSTInsurance-linked securities and catastrophe bond issuances are set to reach the highest annual record of $8.7 billion in 2014, with the completion of Amlin P.L.C.'s Tramline Re II cat bond, Artemis.bm reported.
With this, the outstanding market reaches a record $24.95 billion, up from $20.5 billion at the end of 2013, figures from Artemis.bm showed. The growth came as more investors eyed ILS and cat bonds as investments and as risk transfer tools.