Cat bond issuance hits $3.1bn in Q1
Insurers and reinsurers sponsored $3.1bn (£2.2bn) in catastrophe bonds in the first quarter of 2018, up 34% from the first quarter of 2017, according to data analytics provider PCS.
Sponsors completed eight transactions over the quarter, the same amount as last year. The average transaction size climbed significantly for the second year in a row, reaching $385m in Q1 2018, from
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