The Re Report
Cat bond activity 2003 and 2004
The cat bond market continued to grow in 2004, with the total outstanding risk capital reaching $4.04bn at the end of the
year, up from $3.45bn a year previously. However, last year’s total issuance of $1.14bn was a decline from 2003’s record of
$1.73bn in 2003, Guy Carpenter reports in its latest analysis of the market.