Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Business as usual for IFEX as $5mn trades in Jan

4 February 2011

Hurricane derivatives trading in IFEX event-linked futures (ELFs) had a quickfire start to 2011 after the firm was sold to the ICE Exchange last year.

500 contracts traded through January, representing total notional volumes of $5mn.

This was a 25-fold increase on the same period the year before, when just 20 contracts traded.

Several contracts for a 2011 US wind $50bn first-event cover changed hands through late December 2010 and mid January 2011, settling at a rate on line equivalent...

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