Mid-way through 2022, the market for catastrophe bonds is on-track to match the record levels of issuance seen in 2021, according to insurance and reinsurance broker Aon.
Demand for catastrophe bonds from established insurance-linked securities (ILS) funds and investors continues to outstrip supply in the market in recent weeks, Aon’s Reinsurance Solutions division explained.
“Insurers and reinsurers increasingly turn to alternative capital markets to supplement traditional reinsurance and maximize placements in a challenging environment,” the broker said.
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