May 9th, 2013

Chart: Catastrophe Bond Issuance by Quarter

Posted at 1:00 AM ET

During the first quarter of 2013 two natural peril-exposed catastrophe bond transactions closed, for a total of USD520 million of issuance (1). This seemingly low level of primary issuance activity is deceiving, however, as the action in the capital markets and the influence of “non-traditional” capacity (a term that is rapidly approaching obsolescence) has never been higher.

 cat-bond-issuance_gcci-qtr1

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Note:

1) This total reflects 144A natural peril exposed issuance only. Aetna also sponsored USD150 million Vitality Re bond, which is exposed to changes in medical benefits paid to Aetna policyholders.

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