Cat bond trio to launch

Three new US-peril cat bonds are expected to come to market in the next week, kick-starting ILS issuance ahead of the start of the US wind season in June.Reinsurance broker Aon Benfield is believed to be managing Mystic Re 2010 on behalf of US insurer Liberty Mutual. The bond is expected to come to market in mid-April and will offer multi-year cover against US wind and quake exposures, according to sources.

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