Sales this year of new catastrophe bonds have been the second highest since the market began, despite potential losses for investors as a result of superstorm Sandy, Swiss Resaid on Thursday.
Only a small subset of catastrophe bonds may be affected by the fierce storm that hit the eastern United States in October.
More than 50 percent of outstanding cat bonds are exposed to northeast U.S. hurricane risk, representing $8.5 billion in coverage, but Sandy did not prompt investors to sell their holdings, the world's No.2 reinsurer said.
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