February 16th, 2016

Catastrophe Bond Update: Fourth Quarter And Full Year 2015

Posted at 1:00 AM ET

144A property and casualty (P&C) catastrophe bond primary issuance levels were uncharacteristically low in the fourth quarter with an aggregate notional of USD 1.425 billion of 144A P&C catastrophe bonds issued benefiting five sponsors. The 2015 full year primary issuance of 144A P&C catastrophe bonds totaled USD 5.917 billion from 25 transactions benefiting 24 sponsors. 144A P&C risk capital outstanding as of December 31, 2015 totaled USD 22.640 billion, which is 0.56 percent lower than 2014’s all-time high in the 144A P&C catastrophe bond market.

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