NU Online News Service, April 13, 2:55 p.m. EDT
Catastrophe bond issuance activity is not expected to re-visit the record-breaking levels of 2007, but estimates currently put 2009 on track to supplant 2008 as the third-busiest year for cat bonds, according to a brokerage forecast.
The briefing, published by Guy Carpenter & Company, LLC, said three bonds were closed in the first quarter of 2009, equaling 2008's first-quarter activity. The three bonds followed five months of silence since the last issuance in August 2008, the brokerage said.
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