The catastrophe bond market ended 2014 with a busy fourthquarter, resulting in a new industry record of more than $8 billionof 144A property and casualty (P&C) bonds issued for theyear.
The activity followed one of the slowest third quarters sincethe P&C catastrophe bonds were first issued in the mid-1990s,according to a new briefing and analysis by GC Securities, adivision of MMC Securities Corp. Total risk capital outstanding asof Dec. 31, 2014, was $22.868 billion, which is the highest levelof outstanding risk capital that the market has ever supported.
[Learn more: Whatare catastrophe bonds?]
Continue Reading for Free
Register and gain access to:
- 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
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.