Cat bond issuances to rise: Validus Re

Kean Driscoll, chief executive of Bermuda-based Validus Reinsurance Ltd., predicted an uptick in catastrophe bond issuances in the coming months, Artemis.bm reported. Investors remain attracted to catastrophe bond and ILS space's diversification and low-correlation benefits, as well as a steady, yet currently reduced, return. "I think we will likely see an uptick in issuance just to help match the supply of ILS capital pursuing cat bonds," added Mr. Driscoll.

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