Authors of their own destruction
Investment advisers accused of lack of preparation in face of Sandy
Speakers highlight business continuity issues as key to survival
Preparing for the worst
Top 10 op risks: Business continuity and disaster recovery
The market for catastrophe bonds dried up in 2008 and early 2009 as the financial crisis took its toll. Confidence is returning, helped by wide spreads and a re-think about the assets used to collateralise catastrophe bonds, but issuance has yet to return...
Tradition Re, the US reinsurance division of interdealer broker Tradition, has completed a Dutch auction on behalf of a reinsurer aiming to hedge risk during the 2010 hurricane season in Florida.
NRG Energy, a US-based utility, has closed an innovative index-based hedge with global insurance broker Willis designed to cut the cost of hedging against hurricane risk.
The Chicago Mercantile Exchange (CME) will launch hurricane index futures and options on March 12.
Online derivatives exchange HedgeStreet has launched contracts based on the value of damage caused in the 2006 hurricane season.