The market for catastrophe bonds is expanding at an unprecedented pace, with issuance levels being driven by a wave of first-time sellers and rising demand from insurers seeking to transfer risk to capital markets, according to a report by Bloomberg citing Fermat Capital Management.
John Seo, managing director and co-founder of the Connecticut-based specialist hedge fund, said the pace of new issuance is unlike anything he has seen before. He estimates that 16 first-time issuers entered the mark...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.
Alternative Investment News