Brokerage launches online catastrophe price index

The index, which will be available on the Thomson Reuters Insurance Linked Securities portal, measures pricing levels in the US property catastrophe reinsurance market. Rather than tracking headline pricing by measuring "rate on line" in isolation, the new index will also track the underlying loss cost level, as measured by "loss on line."

"This innovative approach gives additional insight into the convergence of insurance and capital markets," said Yves Provencher, executive vice president and

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