Aon Securities: Q1 cat bond issuance up 31%

First quarter catastrophe bond issuance grew 31 percent
year-on-year to $2.2bn, according to Aon Securities.
This growth contributed to overall market expansion, with
outstanding catastrophe bond limit reaching a new market high of
$25bn as of 31 March, the firm said in its Q1 ILS update.
Aon Securities CEO Paul Schultz said the firm looked forward to
a strong second quarter to match the unmet market demand.
"With market volume typically concentrated around the
important reinsurance renewals per