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Around $20bn of catastrophe bond issuance possible, market growth could soar

The stage is being set for what could be the most significant year of growth the catastrophe bond asset class has ever experienced, as forecasts that new issuance could approach $20 billion suggest outright cat bond market growth of more than $8 billion is possible in 2024. Global asset manager GAM Investments has forecasted that […]

TWIA Board confirms new PML with ~$4bn reinsurance & cat bonds needed

The Board of the Texas Windstorm Insurance Association (TWIA) met today and has confirmed a 1-in-100 year PML for 2024 funding purposes at a new high of $6.5 billion, meaning the insurer of last resort will seek to require just over $4 billion in reinsurance limit for the 2024 wind season. The Board were also […]

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