IFEX (the Insurance Futures Exchange) says that the Chicago Climate Futures Exchange is to list 2nd event tropical storm contracts from today.
The CCFE only lists 1st event tropical wind linked futures until now. They say if 1st event loss trigger levels are reached they may list a 3rd event series of triggers as well.
The structure of these event linked futures is designed to closely match the design of industry loss warranties.
This continued creation of standardized contracts to help hedge against hurricane risks is slowly bringing exotic methods of risk transfer to the masses.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
