More catastrophe bonds and special-purpose vehicles are expected for 2013 because of robust demand, according to a report from SNL Financial. "Even after an active 2012, the appetite for special-purpose insurance vehicles does not appear to be sated, judging by the slew of new formations thus far in 2013. The annualized first-quarter number would exceed the 2011 level ... but it would fall short of 2012," the report said.

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