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Historical data indicates new issuance tends to dry up during the heart of hurricane season. However, July 2020 saw sponsors acting quickly to make the most of new issuance, Swiss Re reported. (Credit: yokie/stock.adobe.com) Historical data indicates new issuance tends to dry up during the heart of hurricane season. However, July 2020 saw sponsors acting quickly to make the most of new issuance, Swiss Re reported. (Credit: yokie/stock.adobe.com)

During 2020, the number of insurance-backed securities issued hit a record, according to Swiss Re, which reported more than $11.3 billion was distributed. This represents a year-on-year increase of more than 106%.

This growth was despite a March pause in the market. However, a rebound began in April with six recorded transactions in the month as trading resumed, according to Swiss Re.

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Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

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