Global cat bond market expected to flourish: Swiss Re

Judy Klugman, global co-head of insurance-linked securities at Swiss Re Capital Markets Corp., has said that the global catastrophe bond market could grow rapidly this year given the current pricing environment and complimentary capital capacity, Artemis.bm reported. Large global sponsors could return to the cat bond market and boost growth, while smaller companies, mid-tier entities and government entities could enter the space for the first time, said Ms. Klugman.

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