Cat Bond Market Pushes Past $3 Billion

Posted by Admin at 12:08 AM

After seizing up last year because of the problems at Lehman Brothers and American International Group (AIG) -- and the effects they had on credit markets -- cat bonds got off to a slow start this year. However, the latest bond to come to market, from Travelers (TRV), pushes the 2009 cat bond issuance volume past $3 billion, according to Thomson Reuters.

Read Original Post By:TOM JOHANSMEYER

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