Cat bond issuance jumps to $3.1bn in Q1 ‘18
Insurers and reinsurers sponsored approximately $3.1 billion in catastrophe bonds in the first quarter of 2018, up 34 percent from the first quarter of 2017, according to data analytics provider PCS.
Sponsors completed eight transactions—the same amount as last year. The average transaction size climbed significantly for the second year in a row, reaching $385 million (from almost $290 million).
Only $500 million of more than $3 billion in capital raised covered the US. Furthermore, of the eight transactions that came to market, a collection of four accounted for more than a third of capital raised, covered Latin America, and used parametric triggers.
Among large transactions was the IBRD CAR series (covering Latin America) providing close to $1.4 billion in protection for risks in Chile, Colombia, Mexico, and Peru—all on a parametric basis.
Join us at Intelligent Automation in Insurance - April 26th 2018, London: Book now.
More of today's news Swiss Re CEO: SoftBank not to become an anchor shareholder Global Q1 insured cat losses below average IAT Insurance enters surety market with IFIC acquisition Chubb reports $380m cat hit for Q1 ‘18 V3 Insurance replaces founding president/CEO Rivera
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze