Outstanding cat bond market reaches record $25.5 billion in size
Posted On: Dec. 4, 2015 12:00 AM CSTThe outstanding catastrophe bond market has reached a record size at $25.5 billion with the launch of reinsurer Everest Re Group Ltd.'s $625 million Kilimanjaro Re 2015-1 cat bond, reports Artemis.bm.
In the year to date, $7.21 billion worth of cat bonds have been issued. The cat bond market has grown in outright size since the end of 2014. Three new cat bonds are still being marketed to investors and are yet to be issued, Artemis.bm reports.