More than $2 billion in catastrophe-bond maturities are notexpected to impact the overall size of the market as new moneyfunneling in should keep the industry growing, according to a GuyCarpenter report.

The report says more than $711 million in risk capital maturedin 2012's first quarter. But the quarter also saw a record $1.34 billion in new bonds issued.

Guy Carpenter's report notes that four programs matured in the quarter:

• Groupama sponsored a $136 million bond covering Frenchwindstorms.
• SCOR sponsored three tranches covering U.S. hurricane andearthquake totaling $200 million.
• Chubb sponsored a $150 million bond covering Florida hurricanerisks.
• Liberty Mutual sponsored a $225 million tranche covering U.S.hurricane and earthquake.     

For all of 2012, a total of $2.51 billion is scheduled tomature. Of that amount, $1.44 billion will mature before June 30.But risk capital outstanding increased by more than 5 percent inthe first quarter to $12.77 billion, says Guy Carpenter—and thistrend is expected to continue.

Pricing and capacity in the traditional reinsurance market, aswell as catastrophe activity, will affect bond issuance goingforward, Guy Carpenter adds.