October 2009/1

The ILS market may be in line for its fabled $2-2.5bn new issuance in the latter months of 2009, as real deals begin to hit the market, Trading Risk understands. With more than $3bn of ILS capacity m

The secondary market pricing of two cat bonds struck by the bankruptcy of total return swap (TRS) counterparty Lehman Brothers has increased by a third since mid-summer, after a rally in underlying c

Secondary trading accelerated towards the end of September, as ILS investors realigned their cat bond holdings in anticipation of $2.5bn of new issuance in the coming months. “Investors are tra

GC Securities has launched a New York-based ILS trading desk to complement its index trading activities and to boost cat bond liquidity. The desk, which gained full approval in June, will be run by