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Issuances of catastrophe bonds and insurance-linked securities worldwide reached $3.6 billion in the second quarter driven by repeat sponsors and perils, Artemis.bm reports. All four ILS deals issued in the quarter came from repeat sponsors. Returning sponsors also brought the majority of catastrophe reinsurance risk to the market in the period, with Bermudian Hamilton Re being the only new sponsor
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms