Catastrophe-bond market is robust despite Sandy, experts say

11/20/2012 | Wall Street Journal, The

Although loss estimates from Hurricane Sandy and its remnants have run as high as $25 billion, the catastrophe-bond market is closing new deals less than a month after the storm, analysts say. One recently marketed bond was increased from $250 million to $400 million, says one person with knowledge of the transaction, and such a deal would bring bond issuance this year to its highest level since 2007, this article says. "The fact they are upsizing and putting the price in a range comparable with pre-Sandy deals shows the market is healthy," said Bill Dubinsky of Willis Capital Markets & Advisory, adding that total issuance could hit $6 billion by year-end.

View Full Article in:

Wall Street Journal, The

Published in Brief: