The catastrophe bond sector is likely to grow by 25 percent in 2012, reaching $6-7 billion in issuance by the end of the year - matching a previous record set in 2007, investors say.
The catastrophe bond sector is likely to grow by 25 percent in 2012, reaching $6-7 billion in issuance by the end of the year - matching a previous record set in 2007, investors say.
Flood insurance can be made more widely available and affordable by using lessons learned from recent disasters to minimize physical risks and making greater use of insurance-linked securities to offset financial risk, Swiss Re said.
Flood insurance can be made more widely available and affordable by using lessons learned from recent disasters to minimize physical risks and making greater use of insurance-linked securities to offset financial risk, Swiss Re said.
Sales of catastrophe bonds, which let reinsurers and insurers transfer risk to capital markets, have reached a four-year high and are expected to hit $6 billion by the end of the year, Aon Benfield said.
