Cat Bond Market Pushes Past $3 Billion

Maybe now people will believe that the catastrophe bond market has recovered fully. After seizing up last year because of the problems at Lehman Brothers and American International Group (AIG) -- and the effects they had on credit markets -- cat bonds got off to a slow start this year. However, the latest bond to come to market, from Travelers (TRV), pushes the 2009 cat bond issuance volume past $3 billion, according to Thomson Reuters.%%DynaPub-Enhancement class="enhancement contentType-HTML Content fragmentId-1 payloadId-61603 alignment-right size-small"%%