February 4th, 2009

Chart: Year-End Cat Bond Capital Outstanding

Posted at 12:56 AM ET

GC Securities, a division of MMC Securities Corp.*

Partly because of the decision to defer planned issuances to 2009, the total amount of risk capital outstanding fell 14.5 percent, from USD13.8 billion to USD11.8 billion. USD4.7 billion in risk capital disappeared during the year, as 24 catastrophe bonds were redeemed as a result of scheduled maturities or exercising of embedded early redemption call options.

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Read the full article, Cat Bonds Persevere in Tumultuous Market >>

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* Securities or investments, as applicable, are offered in the United States through GC Securities, which is a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Advice on sSecurities or iinvestments, as applicable, are offered in the European Union byis provided through GC Securities, a division of MMC Securities (Europe) Ltd., authorized and regulated in the UK by the Financial Services Authority. Securities or investments, as applicable, are offered in the United States through GC Securities, which is a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., GC SecuritiesMMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

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