Strong demand for catastrophe bonds puts the asset class well on track to reach its target volume of $6 billion at the end of 2012, Aon Benfield said in a Sept. 5 report.

The second quarter of 2012 concluded the most active first half for five years. Issuance in the sector produced a total of $3.6 billion compared to a 2007 first half issuance of just under $5 billion. In 2011 the first half volume was at $1.7 billion, according to figures recorded by Aon.

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