Aon: Catastrophe-bond market sees an upturn despite Sandy losses

04/23/2013 | PropertyCasualty360

Losses from Hurricane Sandy don't seem to be preventing growth in the catastrophe-bond market, Aon Benfield Securities said in a report. Catastrophe-bond issuance in the first quarter hit $670 million, while bonds totaling $1.12 billion are being marketed, the report said. The Aon Benfield All Bond Index was up 0.9% during the same period, which falls during a time when absolute spread levels typically diminish, the report said.

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