Outstanding catastrophe bonds hit record
As at 31 December 31 2013, total catastrophe bond limit outstanding had reached $20.3bn the highest level in insurance-linked securities market history according to Aon Benfield Securities.
Aon Benfield Securities' fourth quarter 2013 update reveals that eight catastrophe bonds closed during the period with a total value of $1.9bn, contributing to a second half issuance total of $3.5bn
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