iStock.com / oatawa
ILS issuance in the second quarter of 2017 has to date surpassed the quarterly total from the same period of 2016, according to Paul Schultz, CEO of Aon Securities.
“There has been a very significant upswing in issuance over the quarter, and it looks as though the quarter will push issuance levels above maturing bonds, resulting in overall market growth,” said Paul Schultz, CEO of Aon Securities.
“What we’ve seen in Q2 of this year is a pretty significant increase. Last year issuance for all of the second quarter was $800 million. This year, for the quarter to date it’s $4.3 billion. That’s a pretty remarkable change, year over year.
Cat bond issuance has increased to $6.5 billion, compared to $3 billion for the same period last year.“What that means for the year-to-date figures, inclusive of issuance in the first quarter, is that cat bond issuance has increased to $6.5 billion, compared to $3 billion for the same period last year,” he added.
Paul Schultz, ILS, issuance, Seco, United States, Diversified Investment Services, Business Finance, AON SECURITIES,