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ILS issuance may top $5bn in 2012: Willis
09 February 2012
Cat bond issuance continued to recover through the fourth quarter of 2011 according to the broker.
Risk Management Solutions
for insurance-linked securities (ILS) issuance in 2011 show that the total for
the year fell only $500m short of 2010’s total.
Willis, the total non-life issuance reached $4.3bn in 2011 following a strong
rally in the fourth quarter.
quarter is traditionally the most active for issuance, Willis said, and the
last three months of 2011 saw nine new issues, totalling $2bn.
This marks a
continuation of the recovery in issuance following an uncertain start, which
Willis attributes to uncertainty caused...
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