September 2008/1

Reinsurance broker Carvill saw growth in trading in its hurricane index on the Chicago Mercantile Exchange (CME) on news of the contingent liquidity deal struck between the Florida Hurricane Catastro

Moody’s Investors Service further downgraded the unwrapped tranches of beleaguered Scottish Re’s $2.1bn XXX reserve life securitisation, Ballantyne Re, citing mark-to-market losses in the

Derivatives broker GNI Touch is offering a service to UK high net worth individuals to enable them to trade IFEX event linked futures on the Chicago Climate Futures Exchange (CCFE). The target audien

Specialist environmental inter-dealer broker Evolution Markets has launched a new division for trading and structuring catastrophe derivatives following its entry into the weather derivatives market.

Catastrophe futures trading platforms have reported some volatility in the first live season of trading, with more than $135mn limit equivalent of exchange traded contracts, and “multiples&rdqu

Just three deals were completed over the late summer months, with total issuance volume of $820mn, taking the 2008 running total of insurance linked securities (ILS) issuance to circa $3.6bn. The tra

Secondary trading of insurance linked securities (ILS) reached $3bn to end- August, with “brisk, continuous trading” noted in the sector. For the first time in the history of the secondar

German reinsurer Hannover Re is and supporting former executive Dirk Lohmann with a $50mn investment in his new Secquaero insurance linked securities (ILS) fund, according to sources close to the dea

Bermudian reinsurer RenaissanceRe Holdings Ltd has formally terminated its retrocessional sidecar Starbound Reinsurance II Ltd. The move prompted ratings agency AM Best to withdraw the “a&rdquo

ILS activity “slowed”, during the July reinsurance renewal season, with maturing cat bond capacity exceeding new issues by $700mn, according to broker Willis Re. In its mid-year reinsuran

Dresdner Kleinwort is marketing a catastrophe derivative contract in the capital markets, based on cat modelling firm Risk Management Solutions’ (RMS) new Paradex European Windstorm index, Trad

Brokers in the secondary market for insurance linked securities (ILS) executed a number of bid lists in August, as macro hedge funds chased higher returns in other, crisis-struck sectors of the capit