The insurance-linked securities market has seen its highest issuance since 2007, according to Swiss Re latest insurance-linked securities update.
With approximately $3.6 billion across 16 transactions and 28 tranches, the first half of 2012 was only $237 million short of 2007’s first-half record.
Issuance in the first half of 2012 was also approximately double that of the first half of 2011 (USD 1.8bn), according to the report.