The cat bond market is expecting $3bn of new issuance in 2009, despite a pricing "divergence" between insurance-linked securities (ILS) and traditional reinsurance that is making ILS look like an expensive option.
The cat bond market is expecting $3bn of new issuance in 2009, despite a pricing "divergence" between insurance-linked securities (ILS) and traditional reinsurance that is making ILS look like an expensive option.