Catastrophe-Bond Offerings Fall as Performance Shines, Aon Says
- Hurricane bonds earned 7.73% in year though June, report finds
- Cat bonds outperformed S&P 500, Treasuries for the period
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Catastrophe-bond issuance slipped to its lowest level since 2011 over the past year as the securities outperformed the S&P 500 Index, according to insurance broker Aon Plc.
About $5.2 billion in cat bonds was issued in the 12 months ending June 30, a decline of $1.8 billion from a year earlier, Aon said in a report issued Thursday. Some investors stayed away from the securities early this year as they awaited other opportunities, according to the report.