Cayman’s cat bonds hit $8.5 billion

| 02/03/2012

catastrophe-money (246x275).jpg(CNS Business): News this week that the Cayman Islands Stock Exchange had reached 100 catastrophe bond programme and series listings, with a total face value of approximately $8.5 billion, was greeted as a triumph for the jurisdiction by the industry locally, yet others warned that Cayman should not get complacent. The Bermudan press have been quick to highlight that jurisdiction’s growing success as a domicile for that particular field of investment vehicle as well. The CSX began listing cat bonds in 2007 and has been successful in attracting insurance-linked and other captive insurance business and has a total of 739 captives now collecting an all-time high of $11.76 billion in annual premiums with total assets growing to $68.5 billion.  Read more on CNSBusiness

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