The catastrophe bond market is strengthening despite the fact Superstorm Sandy was the third most expensive hurricane in U.S. history.
The first quarter of 2013 began with Superstorm Sandy in the “rear view mirror,” according to a report released today by Aon Benfield Securities on the insurance-linked securities market.
Indeed, the market so far in this quarter is strengthening, with investors forced to pay premium prices for existing securities, according to Aon Benfield, which is the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield.
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