Seven bonds in Q3 2013 contributed to the highest catastrophe bond issuance in 15 years. Willis Capital Markets & Advisory, part of Willis Group Holdings, the global risk advisor, insurance and reinsurance broker, reports $1.4 billion of non-life catastrophe bond capacity were issued for the quarter, an increase from third quarter 2012 ($0.5 billion issued through three bonds).
Third quarter 2013 catastrophe bond issuance was approximately three times higher than the five-year average and was the highest on record since 1998, according to Willis Capital Markets & Advisory’s (WCMA) latest “Insurance Linked Securities” (ILS) report.
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