Secondary trading

Cat bond yields continued to fall in late summer, as half of the hurricane season elapsed without a US storm threat.

ILS fund returns averaged 0.40 percent in July as managers escaped losses from storms and flooding during the month, according to the Eurekahedge ILS Advisers Index

Risk-adjusted cat bond spreads recovered some ground in June as the ILS market earned incremental premium from higher-risk deals, according to RMS data.

Gator Re regained some value on the secondary market during trading in late June and early July, according to Finra Trace data

The secondary cat bond market cleared the first Gator Re trade in two months this week, as the bond's price tumbled in response to aggregate claims rising near its trigger

There continued to be more buyers than sellers on the secondary cat bond market in June, which kept prices relatively firm

A downturn in industry loss warranty (ILW) pricing has limited cat bond lite issuance activity in 2016, with a couple of recent deals breaking the dearth of activity

Risk-adjusted cat bond spreads have dipped below 2015 yields for the first time this year, according to RMS data.

Cat bond prices continued to edge upwards in May, amid intense buyer demand when there was very little for sale.

TigerRisk's capital markets arm has received regulatory approval to open a secondary trading desk covering a range of ILS products, which will be headed by Patrick Gonnelli

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Strong bidding interest on the secondary cat bond market helped to counteract the influence of seasonality in early April