The market for non-life insurance linked securities reached $2.2 billion for the second quarter of this year, bringing the first-half 2013 total to $3.8 billion after a historically strong first quarter, a new report says.
According to Willis Group Holdings' Willis Capital Markets & Advisory, Q2 catastrophe bond issues were up $100 million from the same period last year. The quarter saw 14 catastrophe-bond tranches issued compared to 12 tranches last year.
The broker adds that at the current rate of execution, the ILS market could exceed $7 billion if some 2014 transactions take place this year.
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