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Strong cat bond issuance likely to top $1.5 billion in Q4: Munich Re


Munich Reinsurance Co. expects the strong catastrophe bond issuance to continue in the fourth quarter of 2015, reported

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.

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