trending Market Intelligence /marketintelligence/en/news-insights/trending/wLo0I4_sNvlS4eN8D14GzQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Aon Benfield: More than $6.3B in cat bonds issued in Q2'17

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Aon Benfield: More than $6.3B in cat bonds issued in Q2'17

The catastrophe bond issuance reached $6.38 billion in the second quarter of 2017, exceeding the previous $4.49 billion quarterly record set in 2014, according to a report by industry observer Aon Benfield.

Added to the first-quarter numbers of $2.17 billion, the first half of the year brings a total of $8.55 billion, higher than any other time period on record, according to the report.

The report cites strong investor demand for bonds that upsized initial guidance. Kilimanjaro II Re upsized by 100% to become the largest issuance in the quarter with $1.25 billion, and the third-largest catastrophe bond on record.

Six different public entities came to market during the quarter, with a total of $2.2 billion of catastrophe bond issuance.

During the quarter, all Aon Insurance-linked Securities Indices posted gains. The All Bond and U.S. Hurricane Bond indices posted returns of 1.06% and 1.14%, respectively. The BB-rated Bond and U.S. Earthquake Bond indices posted returns of 0.95% and 0.87%, respectively.