July 31, 2013 by
Thirteen catastrophe bonds closed during the second quarter of this year, Aon Benfield Securities reported Wednesday in its latest quarterly report. With a total value of $3.3 billion, the first half of this year has reached a total issuance of nearly $4 billion, the highest level since 2007, according to the investment banking division of Aon Benfield. During the second quarter, coverage was offered for regional earthquake and hurricane, Turkey earthquake and Australia cyclone, as well as multi-peril across the United States, the company said. As of June 30, the total catastrophe bond limit outstanding was $17.5 billion.