Last year saw the second highest level of catastrophe bond issuance on record signalling strong growth in the market, according to Willis Capital Markets & Advisory (WCMA). At year end, $5.9 billion of catastrophe bonds had been issued – a 37 percent increase over 2011, according to the unit’s latest Insurance-Linked Securities (ILS) market update.
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Willis, Insurance-linked securities, Catastrophe bonds, Insurance news, Reinsurance news