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Ten years ago, amid the turmoil of the global financial market crisis, the first Trading Risk awards ceremony was held.

It was a rough 2017 for investors in ILS, as hurricanes Harvey, Irma and Maria swept through the Atlantic. But 2018 has offered some uplift to yields from the sector.

For the first time in years, finding a subject to talk about was not a problem at the industry's annual gathering in Monte Carlo. Hurricane Irma was the topic on everyone's minds.

For the first time in years, finding a subject to talk about was not a problem at the industry's annual gathering in Monte Carlo. Hurricane Irma was the topic on everyone's minds as the storm battered Florida on the Sunday evening of the Rendez-Vous.

Florida is truly the reinsurance market's risk hothouse.

Florida is truly the reinsurance market's risk hothouse. Its coastline produces the bulk of the ILS market's exposure, and Florida risks still squeeze out more profit for reinsurers than many other lines of business

2016 was a challenging year for the ILS market, as cat bond issuance activity and fundraising intakes slowed down,while catastrophe activity returned to average levels after a couple of benign years.

Trading Risk was first launched in 2008 just before the crux of the financial crisis - a period that was ultimately to boost the fortunes of the ILS market, as it showed the value of a truly non-correlating asset class