Two reports on catastrophe bonds show they are heavily weighted toward U.S. hurricane risks. Investors, "keen" on the cat-bond market overall, are eager to place their dollars in other cat-bond categories as well.
Reinsurance broker Guy Carpenter says the percentage of the catastrophe-bond market with exposure to U.S. hurricanes has grown from 38 percent in 2003 to 71 percent.
The broker says the second quarter of this year saw four new catastrophe bonds come to market, totaling just $592 million of new issuance.
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