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The nascent catastrophe derivatives markets have now traded more than $440mn of notional volume since their inception in late 2007, Trading Risk can reveal. ICAP-JLT, the joint venture platform estab
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Lloyd's industry veteran Michael Wade has launched a new convergence-focussed advisory firm, aimed at mid-tier reinsurers and brokers, Trading Risk can reveal. The firm, called Optex Group, combines
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(Re)insurers and investors are eagerly awaiting the official loss estimate for Hurricane Ike and whether the onshore damage figure will be over $10bn. Property Claims Services (PCS) - the independe
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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
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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.
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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
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Evolution Markets has launched a new division for trading and structuring catastrophe derivatives following its successful entry into the weather derivatives market. The division will encompass a br
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Trading platform Carvill Hurricane Index (CHI) has seen “around $50mn” of notional volume traded on its Chicago Mercantile Exchange (CME) platform this year, the firm’s joint CEO, J
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A number of maturing cat bonds in June have released capacity for investors, tempering trading in the secondary market during the recent rush of new cat bond issuance. Secondary trading of cat bonds
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Risk modelling firm Risk Management Solutions (RMS) has launched its second natural catastrophe index under the Paradex banner, that it says will lead to earlier loss settlement. The index, which R
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At current pricing levels, it would take a $30-50bn ground-up property loss to reverse the slide in traditional property cat reinsurance rates, according to Aon Re Global. The broker forecast rate-on
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Ratings agency AM Best is extending its insurance linked securities (ILS) rating methodology to include assessment of the basis risk carried by industry loss arranties (ILWs). In a statement, the fir
