Catastrophe bond issues headed to 2007 highs: Aon
23 August 2010 (Reuters)—New issues of insurance catastrophe bonds should rapidly rebound to pre-financial-crisis highs as securities markets stabilize, insurance broker Aon Benfield said Monday. Investors are showing sustained interest in so-called cat bonds, which enable insurance companies to transfer big risks, such as for hurricane or earthquake damage, to financial market investors, while their prices have also remained attractive for sponsors of the bonds, the broker said. Read more. |
