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Cat bond market momentum continues to grow

Posted On: Jan. 25, 2022 9:48 AM CST


According to U.S.-based Fitch Ratings Inc., catastrophe bonds gained in importance for the global reinsurance industry again in 2021, as the record levels of issuance seen helped to make cat bonds an even larger pool of risk capital supporting reinsurer businesses, Artemis reported. The outstanding catastrophe bond market grew and 7.6% in 2021 from 2020.