Cat bond, ILS issuance totals $3.6 billion

Source: Business Insurance

July 02, 2019 Issuances of catastrophe bonds and insurance-linked securities worldwide reached $3.6 billion in the second quarter driven by repeat sponsors and perils, 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.