Today saw the relaunch of the much anticipated Hurricane Risk Landfall Options (HuRLOTM) from Weather Risk Solutions, LLC. We wrote about HuRLOs when they launched as a pilot back in October 2008 with much anticipation of the full launch as they offer an easily accessible method to hedge against landfalling hurricanes. Trading opens today on […]
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We wrote a couple of weeks ago that Standard & Poor’s had placed four tranches of the USAA sponsored catastrophe bond, Residential Re 2007 Ltd., on CreditWatch Negative while they waited for updated occurrence and aggregate exceedence probability curves from AIR Worldwide. Now they have that annual reset information and have taken the expected action […]
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It’s a long time since we’ve been able to write about an upgraded catastrophe bond, in fact the last time was when Artemis.bm looked very different to this, possible as far back as 1999. Merna Re was issued by State Farm in June 2007 to transfer a portion of their risk of natural catastrophe losses […]
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The Insurance Futures Exchange (IFEX) has announced that it is expanding its range of event linked futures by listing two new areas on its parent the Chicago Climate Futures Exchange. The two contracts listed are Eastern Seaboard and North East U.S. Tropical Wind, these provide a means to hedge against the less likely (but should […]
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