CCFE to List Third and Fourth Event windstorm futures


The Insurance Futures Exchange (IFEX) has announced that the Chicago Climate Futures Exchange (CCFE) has begun listing third and fourth event linked contracts.

These new levels of cover allow for increased protection from multiple events following loss triggers levels of $10bn, $20bn, $30bn, $40bn and $50bn per event.

Explanation of contract structure and loss trigger levels from the IFEX website:
The Event structure of the ELF contracts is designed to follow the pattern of Industry Loss Warranty reinsurance policies. Thus a tropical storm or hurricane that causes insured losses of $10.1bn will trigger the First Event $10bn Loss Trigger Level. A second tropical storm or hurricane causing $20.1bn of insured losses in the same loss period (calendar year) will trigger the Second Event $10bn Loss Trigger Level and the First Event $20bn Loss Trigger Level.

Artemis London 2022 - Insurance-linked securities conference in LondonRegister to attend Artemis London 2022, our first ILS conference in London. Sept 6th, 2022.

Tickets are now on sale.

Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.