NU Online News Service, Nov. 9, 1:47 p.m. EST
Placements in the catastrophe-bond market are off 30 percent last year's pace primarily due to 2011 first-half catastrophe losses, says a report from Willis Group Holdings.
In its Insurance-Linked Securities Market Update for November, Willis says up through the 2011 third quarter, the market has seen a total of $2.28 billion in new catastrophe bond issuance compared to $2.98 billion for the same period last year.
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