Filed under: Deals, Allstate Corp (ALL), Goldman Sachs Group (GS), Travelers Companies Inc. (TRV)

So far, only three cat bonds have closed this year, with The Hartford (HIG) and Swiss Re (SWCEY) joining State Farm. Of course, we're only two weeks into Q2 and Q1 is normally quiet. Nonetheless, analysts expect action of around $5 billion for the year, which would make 2010 the second most active cat bond issuance year in the history of the market, after 2007, in which close to $7 billion in capital came to market. Meanwhile, there are plenty of bonds maturing in the next few months, including those from Travelers (TRV), USAA, Allstate (ALL) and Swiss Re.
Continue reading Catastrophe Bond Issuance Gap Is Upon Us
Catastrophe Bond Issuance Gap Is Upon Us originally appeared on BloggingStocks on Mon, 12 Apr 2010 17:00:00 EST. Please see our terms for use of feeds.
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