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  • A battle to maintain market share at the 1 July renewals kept up pricing pressure on US property catastrophe reinsurance business, according to the major brokers
  • Cat bond sponsors used Property Claims Services (PCS) data on seven new issuances worth $1.6bn in the first half of 2013, which was in line with volumes placed in the first half of 2012.
  • The Chicago Mercantile Exchange (CME) cleared a trade of 750 seasonal hurricane options representing $7.5mn of notional limit in May in the first deal to date in 2013, according to information from the exchange.
  • 2013 is shaping up to be the strongest year for cat bond activity in six years, with a record-breaking $4bn of new issuance having been brought to market by the end of June - topping the $3.8bn issued in the first half of 2007
  • Trading Risk's list of investors in the ILS market
  • Montpelier Re's listed Blue Capital Global Reinsurance fund has been picked as a favourite by JP Morgan Cazenove analyst Matthew Hose because of the resources provided by its parent company.
  • Brokers have increased their grip on cat bond distribution in the past couple of years, according to statistics compiled by Trading Risk
  • First half returns among ILS fund managers are slightly behind last year's performance over the same period, according to results from a group of seven cat bond funds tracked by Trading Risk.
  • The spate of new cat bond issuance in June helped boost trading activity on the secondary market as the US hurricane season started.
  • The number of unrated cat bonds has increased sharply in 2013 as sponsors forego the expense of seeking a rating