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Cat Bond Issuance Could Double in 4Q, Says Guy Carpenter

Catastrophe bond issuance could double over the final three months of 2011, fueled by strong demand from investors seeking a haven from wild price swings in mainstream financial markets, brokerage GC Securities said on Tuesday.

By Reuters | Updated on November 30, 2011

LONDON, (Reuters)—Catastrophe bond issuance could double over the final three months of 2011, fueled by strong demand from investors seeking a haven from wild price swings in mainstream financial markets, brokerage GC Securities said on Tuesday.

A total of $2.12 billion of bonds were sold in the nine months to Sept. 30, but this could rise to as much as $4.5 billion by year’s end thanks to robust investor demand as the Eurozone sovereign debt crisis weighs on stock and bond markets, said GC, part of insurance brokerage Marsh.

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