Insurance-related securities issues amounted to $ 5.614 billion for 19 transactions in the second quarter, nearly double the $ 2.813 billion issued in the previous year, according to a Friday report from Aon PLC.
This year's total first half year issue of 8.5 billion dollars beat the previous first half year, set in 2017, by 181 million dollars.
The average transaction size in the first half of the year was $ 282.3 million over 30 different issues, compared to $ 241.8 million over 27 transactions in the first half of 2020.
The new issue of $ 5.614 billion in the second quarter almost exceeded $ 4.5 billion in expected maturities and "the momentum extended far beyond capital conversion and was robust for both investors and sponsors," Aon said. [1