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Fairly active secondary market in Jan 2017, demand overhang remains

The secondary market for trading in insurance-linked securities (ILS) and catastrophe bonds got off to a relatively active start in January 2017, but appetite remains strong and the demand overhang persists, according to market participants.Secondary cat bond market liquidity has been picking up in recent years, as the number of read the full article →

Aon foresees robust primary & secondary cat bond market in 2017

Insurance-linked securities (ILS) and catastrophe bond investors will be able to take advantage of a robust primary and secondary market in 2017, driven by the expectation of an active start to the year, says Aon Securities.In a recent report Aon Securities, the capital markets reinsurance broker, dealer, arranger unit of read the full article →

Very active December secondary cat bond trading closes out 2016

The secondary trading market for catastrophe bonds was particularly active in December 2016, with almost double the amount of bond titles trading during the month compared to the prior month, as ILS funds and investors balanced portfolios in advance of the reinsurance renewal.The year saw an increase in liquidity in read the full article →

Short-dated cat bonds lead November 2016 secondary trading

It's that time of year when the secondary trading market for catastrophe bonds tends to see volumes rise in short-dated names, as insurance-linked securities (ILS) fund managers and investors look to offload cat bonds that are maturing soon to free up capital for reinvestment.According to FINRA's Trade Reporting and Compliance read the full article →

After slow start, cat bond trading picks up in October

Secondary catastrophe bond trading picked up towards the end of the month in October 2016 after a slow start to the month. Primary issuance stimulated some trading and the post-hurricane Matthew released pressure on affected secondary marks.October can be a slower month in the secondary cat bond market, as the read the full article →

Cat bond trading activity increased in September as seasonality peaked

Trading in catastrophe bonds on the secondary market saw increased activity in September as ILS investors and ILS funds traded positions and prices rose once again as seasonal spread tightening reached what is normally recognised as its peak.September typically sees very strong price rises for secondary catastrophe bond marks and read the full article →

Cat bond investor demand continues in August, with some sellers seen

One again the secondary market for catastrophe bonds remained characterised by very strong demand in August, with more buying interest than selling driving prices again. However some sellers were seen providing fund managers and investors with opportunities to diversify.Growing catastrophe bond demand is affecting the secondary market in 2016 once read the full article →

Cat bond investor demand & trading strong in July, prices rise further

Once again, July saw very strong demand for catastrophe bond investments with the secondary market feeling the effects of demand outstripping supply of new issuance, resulting in further price rises and an active cat bond secondary trading market.Recent months have been characterised by growing catastrophe bond demand, as some investment read the full article →

Secondary cat bond & ILS market trading slower in Q2: Aon

Secondary trading in the catastrophe bond and insurance-linked securities (ILS) market picked up in the first-quarter of 2016 following a less active close to 2015, however, Q2 saw trading volumes decrease again owing to reduced primary issuance, according to Aon Benfield.Global reinsurance broker Aon Benfield has revealed that catastrophe bond read the full article →

Demand continues to affect secondary cat bond pricing in June

Ongoing high levels of demand for catastrophe bond investments continued to push up pricing in the secondary market in June, with non-U.S. issues seeing the highest rises as the seasonal effects of the hurricane season helped to keep pricing of U.S. wind bonds a little more subdued.The evidence that the read the full article →