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Home / Insurance / The ILS issue hit $ 5.6 billion in the second quarter: Aon

The ILS issue hit $ 5.6 billion in the second quarter: Aon



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

9659005] The second quarter was also strong for new players as there were five first-time publishers among the 19 sponsors that came on the market, and there were six new cedants during the first half of 2021. [19659002] The second quarter included Umigame Re Pte. Ltd. 2021-1, Tokyo Marine Ltd .:'s eighth disaster bond and its second in Singapore under its new ILS incentive program. Together, the three parts provide $ 200 million in four-year coverage against Japanese typhoon and flood risks.

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