As Cyclone Yasi made landfall on Australia's Queensland coast as a Category 4 storm on 3 February, brokers transacted livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses.
As Cyclone Yasi made landfall on Australia's Queensland coast as a Category 4 storm on 3 February, brokers transacted livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses.