HVRRF - Significant Catastrophe Bond Issuance Expected In 2020: Aon
Significant issuance of property catastrophe bonds is expected in 2020, with a large amount of maturities likely to drive renewal issues, according to broker Aon (AON).
In its latest reinsurance market report, Aon explains that loss activity over the last few years "had a relatively modest impact on this area of the market, given that the issue has been one of frequency rather than severity."
While Aon estimates that ultimate catastrophe bond losses from recent catastrophe events may reach US $1 billion, this has largely been experienced in Florida-specific deals and aggregate covers.
Issuance fell