Strong demand for catastrophe bonds puts the asset class well on track to reach its target volume of
The second quarter of 2012 concluded the most active first half for five years. Issuance in the sector produced a total of
Investors looking to deploy funds has led to a strong demand for these bonds, the report said. Both repeat and new sponsors are expected to engage with the market for diversification and to complement overall reinsurance purchases.
Traditional asset managers have become more comfortable and, in the past year, small-to-mid sized funds have increased dramatically. Large funds have also continued their capital raising. The report said that pension consultants have also started to research and support the asset class, which is expected to drive more investment into the sector.
The insurance and reinsurance advisory company said it expected total issuance for this year to be in the
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|Source:||Source Media, Inc.|