Investor interest in non-traditional markets fuels growth speculation

Sigma predicts securitisation market worth up to $44bn in 10 years • Alternative risk transfer will define future of insurance, Fitch • Aspen protects itself from reinsurance default with $420mn policy

Securitisation of insurance risks will grow rapidly, forecasts a study recently published by Swiss Re’s Sigma imprint. Cat bonds, which currently account for some 85% of the $8bn of issued non-life bonds (namely some $6.8bn) could increase to somewhere between $30bn and $44bn by 2016, it said.