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The Weather Risk Management Association (WRMA) has broadened its membership criteria to include companies active in cat bonds, ILS and industry loss warranties.
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Andreas Kusay, ex-Manulife executive and mooted head of Equinox – the proposed $100mn+ collateralised retro vehicle – has joined cat futures trading platform IFEX as a consultant to promote its event-linked futures (ELFs).
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Dedicated insurance-linked derivatives broker Myrias LLC has ceased to trade, closing its screen-based trading platform with effect from 22 January, Trading Risk can reveal.
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Risk Management Solutions (RMS) has officially launched its third natural catastrophe index under the Paradex banner - Paradex US Earthquake (PUSEQ) - as first reported by Trading Risk in January.
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Reinsurers gave in to a controlled reduction of prices at the 1 January renewal, with prospects for any generalised upturn unlikely in 2010, according to leading reinsurance brokers' reports.
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The newly launched PERILS European windstorm industry loss index has been chosen as the trigger on two industry loss warranty (ILW) contracts.
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Leading industry loss warranty (ILW) broker Aon Benfield has partnered exclusively with Trading Risk to provide insight and commentary on the ILW market. Aon Benfield comments on Q4 activity
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Eurex, the leading European derivatives exchange has reached agreement with the US Commodity Futures Trading Commission (CFTC) to actively offer its binary US hurricane derivatives in the States.
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Industry Loss Warranty (ILW) volumes in Q4 have been boosted by livecat trading during October’s Typhoon Melor and the purchase of Europe-exposed and US quake peril contracts. To date, final qu
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The near 200 investors, advisers and sponsors gathered in New York for Trading Risk’s annual executive briefing heard Swiss Re Capital Markets managing director Judy Klugman express the firm
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The growth of risk transfer to the capital markets is being hindered by the “hand-made” approach of the convergence market and there should be a move towards standardised clauses and cont
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Property Claims Service (PCS) finalised its onshore industry loss estimate for Hurricane Ike at $12.5bn in October, triggering a number of 2008 industry loss warranty (ILW) contracts and IFEX cat fut
