The first quarter of 2012 hit a record in the catastrophe-bond market as property and casualty insurance sponsors introduced eight new tranches, increasing the issuance of securities by 32 percent over the same period last year.
Insurance-linked securities had another active fourth quarter, but did not break any placement records for 2011 according to a report from Willis Group Holdings.
The value of insurance-linked-securities (ILS) placements increased by more than half in the 2011 first quarter as four insurers placed more than $1 billion in bonds in the market, according to a report from Willis Group.
Last year was an active one for insurance linked securities as placements for 2010 rose 28 percent over the previous year, according to a report by Aon Benfield Securities.
Bermuda-based Aspen Insurance announced today that it has invested $25 million in a partnership with a newly formed specialized investment fund focusing on insurance linked securities and reinsurance.
There may be a slowdown in the insurance-linked securities market, which has provided capacity for insurers, because of current problems with monoline insurers who guarantee securities, according to a