NU Online News Service, June 10, 3:03 p.m. EDT
The total risk capital of insurance-linked securities dropped by $223 million despite the second highest two-quarter issuance of catastrophe bonds in the history of the market, says Guy Carpenter Securities.
In its May report on the catastrophe-bond market, Guy Carpenter, the reinsurance brokerage arm of Marsh & McLennan Cos., says first-quarter risk capital declined from year-end 2010 from $12.19 billion to $11.97 billion. This decline occurred despite a record $1.02 billion in new and renewal catastrophe bonds.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
