Strong cat bond issuance likely to top $1.5 billion in Q4: Munich Re
Posted On: Oct. 20, 2015 12:00 AM CSTMunich Reinsurance Co. expects the strong catastrophe bond issuance to continue in the fourth quarter of 2015, reported Artemis.bm.
The reinsurer also expects insurance-linked securities sponsor base to broaden.
Munich Re said in a report that approximately $780 million of cat bonds have been issued during the third quarter.
The cat bond issuance is likely to exceed $1.5 billion in the fourth quarter, bringing "total issuance for 2015 to around $7 billion," Munich Re said.