Cat bond issuance in Q4 is slower than usual owing to Hurricane Ian
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Cat bond issuance in Q4 is slower than usual owing to Hurricane Ian

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The cat bond market has seen a slower-than-usual Q4 after Hurricane Ian heaped more constraints onto what was already a restricted arena for cat reinsurance capacity.

The deals that came to market included those seeking reinsurance limit from returning US nationwide sponsors Allstate, Liberty Mutual and USAA, as well as retro deals for Fidelis and Inigo, and a first public cat bond from sponsor GeoVera,...

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