August 9, 2017 09:45
Photo : Freepik
According to the latest report ofAon Securities, bonds related to catastrophes in the second quarter totaled $ 6,38 billion US dollars (G$), setting a new record for a quarter. The previous record dated back to the second quarter of 2014 and stood at 4.49 G$.
The first half of 2017 has recorded a total of 8.55 G$, which also represents a historic level, not only for a semester, but also for a whole year. In effect, the highest annual total for bond issues dedicated to the disaster was 8.38 G$, and back in 2007.
It is to be noted that six public entities different entries on the market during the period of the second quarter, with a total of$ 2.2 billion of bonds as » disasters «.
«During the second quarter, we have seen a significant amount of securities to be renewed, which contributed to the figures show record,» says Paul Schultz, ceo of Aon Securities. In addition, the overall market has experienced a significant expansion, as a result of new partners, favorable prices and major liquidity on the side of investors. «