The catastrophe bond market is experiencing a growth surge driven by two huge hurricane seasons, according to a report released yesterday by Guy Carpenter & Company Inc.
According to the study's findings in 2005 the catastrophe bond markets saw major growth propelled by the increased number of major storms to hit the United States.
"The story of the catastrophe bond market in 2005 was the story of U.S. hurricane activity, principally Hurricane Katrina," said Christopher McGhee, head of Guy Carpenter's Investment Banking Specialty Practice and managing director of MMC Securities.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
