futures

Marsh has teamed up with Berkshire Hathaway to create a windstorm insurance program aiming to bring capacity back to the hard-hit energy companies who operate in the Gulf of Mexico. The program has been called the Cost and Certainty Coverage Program (or Triple C for short) and carries $500m of aggregate, annual capacity. Underwritten by […]

Chicago, Wednesday January 21st 2009 – The 2009 hurricane season is already underway in the financial marketplace as CME Group announced trading activity on the first day of opening the 2009 contracts. This starts the season nearly five months ahead of the 2008 season. According to CME Group, 3000 Seasonal Maximum Binary Option contracts were […]

Here’s a great article (from Risk & Insurance) explaining the Carvill Hurricane Index and the effect Hurricane Gustav had on the volumes traded. These new products are becoming more accepted as they are easier to understand and access than other areas of alternative risk transfer.