Alternative Insurance Capital
Record year for cat bonds in 2002
The catastrophe bond market had record issuance in 2002 of $1.2bn, exceeding the previous high of $1.1bn set in 2000, according
to a new report co-sponsored by
Guy Carpenter & Co, the reinsurance broker, and
Marsh & McLennan Securities, the investment banking arm of
Marsh & McLennan Companies.