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The insurance-linked securities (ILS) market’s ability to structure innovative transactions has helped it to continue to break records, with a new high for first-quarter ILS and catastrophe bond issuance being seen in 2015, said Aon Benfield Securities.
Aon Benfield Securities (ABS) recognises Q1 2015 catastrophe bond and ILS issuance as reaching a new record, $1.7 billion by its reckoning. This is below Artemis’ Q1 2015 issuance figure of almost $2.1 billion as ABS does not include the private cat bond or cat bond lite transactions that we cover in our reports and database.