Historical data indicates new issuance tends to dry up during the heart of hurricane season. However, July 2020 saw sponsors acting quickly to make the most of new issuance, Swiss Re reported. (Credit: yokie/stock.adobe.com) Historical data indicates new issuance tends to dry up during the heart of hurricane season. However, July 2020 saw sponsors acting quickly to make the most of new issuance, Swiss Re reported. (Credit: yokie/stock.adobe.com)

During 2020, the number of insurance-backed securities issued hit a record, according to Swiss Re, which reported more than $11.3 billion was distributed. This represents a year-on-year increase of more than 106%.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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