The catastrophe bond market experienced near record issuance in 2013, leading to an all-time high level of outstanding of just over $20 billion, according to Fitch Ratings.

There has been approximately $7.1 billion of global CAT issuance in 2013, just short of the all-time record set in 2007 of $7.6 billion. In 2013, the market also experienced a 22% increase in issuance over the prior year.

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