Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Late push sees $2.4bn ILS capacity into US wind season

4 June 2010

Six cat bonds valued at more than $1.5bn were released in a late May rush of insurance-linked securities (ILS) issuance, taking total capacity available to (re)insurers at the start of the US hurricane season to $2.4bn.

ILS veteran USAA was the last to nose past the post just days before the 1 June start to the wind season, with its 14th consecutive bond - the $400mn Residential Re 2010.

The deal follows the closure of Allianz's third Blue Fin bond...

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