NU Online News Service, July 27, 3:24 p.m. EDT
Catastrophe bond issuances are down in the first half of 2009 compared to the same time period in 2008, but second-quarter activity represents a rally from an economy-driven slump that began in the second half of 2008, a new Guy Carpenter report said.
The report, "Cat Bond Update: Second Quarter 2009," reveals the second quarter saw six cat bond transactions with $808 million in risk capital coming to market. By comparison, the 2008 second quarter saw eight transactions, with $1.75 billion in risk capital.
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