NU Online News Service, Jan, 6 1:223 p.m. EST
The end of 2009 saw the busiest fourth quarter ever for catastrophe bonds with issues exceeding $1 billion, and that high activity level should continue this year, Risk Management Solutions predicted.
According to the Newark, Calif.-based catastrophe modeling firm, the impetus for the 2010 cat bond business is "an unprecedented $5 billion of bonds due to expire and up to 80 percent yet to be renewed."
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