The second quarter of 2013 saw $2.2 billion of non-life catastrophe bonds issued through 14 tranches (representing 10 deals), compared with $2.1 billion issued in the same period last year, with 12 tranches (representing 7 deals), according to Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings.
This follows a strong first quarter in which the market saw $1.6 billion of issuance, and brings total non-life capacity issued for the year so far to $3.8 billion, according to WCMA in its latest 'Insurance Linked Securities' (ILS) report.
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