event-linked futures


Eckert’s IncubEx acquires insurtech Insurwave

IncubEx, the financial product and service development firm that counts its founder and Chairman as insurance and reinsurance entrepreneur, former Brit co-founder and now Conduit Re Chairman Neil Eckert, has acquired an insurtech as it targets environmental, sustainable and climate risk solutions. IncubEx develops financial products in global environmental, climate risk read the full article →

Eckert’s IncubEx raising funds. Catastrophe risk trading a target?

IncubEx, the product and service development firm that counts its founder and Chairman as insurance and reinsurance entrepreneur and Brit co-founder Neil Eckert, is in the market raising funds and we're told that one of the target products the firm is working on is catastrophe risk trading. IncubEx was launched in read the full article →

Neil Eckert (ex- Brit, Climate Exchange, IFEX) returns with IncubEx

Insurance and reinsurance entrepreneur and Brit co-founder Neil Eckert has been revealed as Chairman of a new venture called IncubEx that will target new product and service development opportunities in partnership with financial service and financial technology firms. IncubEx is "a financial markets incubator and business development team" according to the read the full article →

IFEX reduces minimum block trade amount

The Insurance Futures Exchange (IFEX) has reduced the block trade minimum for all types of contracts it handles. Back in July they reduced the minimum block trade amount to 25 on it's new North East and Eastern Seaboard contracts and now that minimum applies to all wind contracts available on read the full article →

The IFEX launches new wind event linked futures contracts

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 read the full article →

Eurex the first European exchange to offer hurricane catastrophe futures

Eurex, one of the world's largest derivatives exchanges and the largest clearing house in Europe, have announced today that they are to become the first European exchange to offer hurricane futures for trade and clearance. The hurricane wind damage futures will launch on the 29th June 2009 and demonstrate the read the full article →

ISDA publishes standards document for U.S. wind swaps

Finally the International Swaps and Derivatives Association (ISDA) has published a confirmation template which standardises catastrophe swaps referencing U.S. wind events. The document has been discussed for around two years so the market is sure to welcome this. You can download the ISDA U.S. Wind Event Confirmation Template here. By providing read the full article →

Catastrophe derivatives in demand in run up to hurricane season

It's no surprise to read in Business Insurance that sales of catastrophe derivatives in the run up to the Atlantic storm season are strong, with volumes traded up and prices up to as well. Demand is being helped by the general scarcity of reinsurance and the fact that catastrophe bonds read the full article →

First ‘2nd event’ hurricane option contract clears on the CME

The Chicago Mercantile Exchange recently launched 2nd event Florida and Gulf Coast hurricane option contracts to the trading community. Already, Tradition have announced through a press release that the market is open for business as their U.S. reinsurance division Tradition Re have brokered the first deal on these new 2nd read the full article →

IFEX announces first full year hurricane risk trading figures

Climate Change PLC has announced it's full year figures for 2008. As the owners of the Insurance Futures Exchange (IFEX) they have numbers to share on how well the hurricane risk trading facility (housed at the Chicago Climate Futures Exchange) has performed in the first full year of windstorm futures read the full article →