This article appears courtesy of Reactions. 06 May 2009 If someone had said six months ago that catastrophe bond issuance at the end of April 2009 would exceed the level seen in the first four months of 2007 and 2008, few would have believed them.
The insurance-linked securities (ILS) markets dried up in the second half of last year, largely as a result of the collapse of investment bank Lehman Brothers, which was the total return swap (TRS) counterparty for several high-profile cat bonds.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
