Cat bond issuance rises to more than $7 billion, overtakes 2016 issuance
Posted On: May. 18, 2017 4:00 AM CSTCatastrophe bond issuances totaled $7.14 billion this year, overtaking the 2016 issuance and helping the outstanding market reach a record $28 billion, Artemis.bm reports. Catastrophe bond issuance for the first quarter totaled nearly $3 billion, and is likely to hit nearly $8.3 billion by the end of the second quarter.