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

4 February 2012

First IFEX trade from a Big Three broker

20 August 2010

Broker Willis has cleared a US wind futures trade on the IFEX platform at the Chicago Climate Futures Exchange (CCFE) for the first time yesterday (19 August), in a $1mn block trade.

Trading Risk understands it is the first of the 'big three' brokers to clear a trade on the platform.

The contract triggers on a first-event storm causing industry losses of $50bn and traded at a rate on line of 10.5 percent, down 1.4 percentage points from previous pricing...


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