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Some "window" industry loss warranty (ILW) deals were among the handful of livecat trades cleared as Hurricane Irene bore down on the east coast of the US last week, Trading Risk can report.

Aon Benfield transacted a couple of deals providing buyers with cover in the tens of millions range at industry loss trigger points of $20-30bn.

The 'window' contracts provide more sensitive cover than a binary payout - for example, 10 percent of the limit would pay out on...

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