NU Online News Service, July 9, 2:33 p.m. EDT

As the number of catastrophe bonds has grown over the past five years so has the use of industry triggers to determine the release of capital, according to a report from Property Claim Services.

For the first half of 2012, the catastrophe bond market “has been exciting” says the report from PCS, a subsidiary of Jersey City, N.J.-based Insurance Services Office. Catastrophe bond activity is up with several large bond issuances closing and healthy mix of new entrants and veteran issuers.

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