New perils drive cat bond, ILS issuance to $2.5 billion
Posted On: Apr. 2, 2019 5:54 AM CST
Catastrophe bond and insurance-linked securities issuance totaled nearly $2.5 billion from 19 transactions in the first quarter driven by new perils such as terror risk and new sponsors including Insurance Australia Group Ltd., Artemis.bm reports. The total cat bond and ILS issuance amounted to nearly $38 billion at the end of the first quarter of this year.