Cat bond issuance has reached $4.29bn for the year to date after two diversifying cat bonds closed in strong demand in August.
The first-half total has put the market on track to grow outstanding issuance from 2011.
Swiss Re and the California Earthquake Authority (CEA) were able to gain more reinsurance cover than initially targeted through their latest deals as insurance-linked securities investors sought non-peak risk.
Swiss Re almost tripled its latest Vita extreme mortality offering to $275mn from a...
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