Cat bond issuance likely $3 billion in Q2: Munich Re

Munich Reinsurance Co. believes that catastrophe bond issuance is likely to be worth $3 billion in the second quarter of 2015, reported Artemis.bm.

Although the cat bond issuance in the first quarter of 2015 reached $1.7 billion, maturities exceeded issuance causing a shrinking of the outstanding cat bond market, said the reinsurer.

Munich Re expects "some sponsors with non-renewed first quarter maturities to catch up on their cat bond issuance during the second quarter."

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