Cat bond issuance this year could rival record 2007

lighthouse in a storm

Further growth in the catastrophe bond market is expected this year following a near-record level of activity in the first half of the year, market participants predict.
The first half of 2012 was the most active first half of the year for the insurance-linked securities (ILS) market since 2007, according to Swiss Re.

New issuance volumes reached approximately $3.6 billion in the first six months of the year. This was only $237 million short of 2007's record first-half year issuance and approxima