{"id":10624,"date":"2009-05-19T00:00:00","date_gmt":"2009-05-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"catastrophe-derivatives-demand-surges-as-storm-season-nears","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/catastrophe-derivatives-demand-surges-as-storm-season-nears.html","title":{"rendered":"Catastrophe Derivatives Demand Surges as Storm Season Nears"},"content":{"rendered":"<p>Insurance Journal &#8211; Demand for disaster derivatives is surging as insurers seek alternatives to scarce reinsurance and expensive catastrophe bonds, with the forthcoming North Atlantic hurricane season likely to give a further boost.<\/p>\n<p>Prices are at record levels for Industry Loss Warranties (ILWs) and derivatives such as catastrophe futures, used by insurers to cover their potential losses from natural disasters.<\/p>\n<p>&quot;People are trying to purchase as much cover as they can, be they insurance companies in Florida or reinsurers in Bermuda, and obviously pricing has been driven up considerably,&quot; said Stephen Breen, Executive Vice President at Tradition Re, which brokers traditional reinsurance and catastrophe derivatives. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.insurancejournal.com\/news\/international\/2009\/05\/19\/100620.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insurance Journal &#8211; Demand for disaster derivatives is surging as insurers seek alternatives to scarce reinsurance and expensive catastrophe bonds, with the forthcoming North Atlantic hurricane season likely to give a further boost. Prices are at record levels for Industry [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[11910,11070,11911,5149,5526,11917,7595,261,11912,11915,129,11914,11916,9910,11913,11919,5130,11918],"class_list":["post-10624","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-atlantic-hurricane-season","tag-bermuda","tag-catastrophe-bonds","tag-derivatives","tag-disaster","tag-executive-vice","tag-futures","tag-insurance","tag-insurance-companies-in-florida","tag-insurance-journal","tag-losses","tag-natural-disasters","tag-reinsurance","tag-reinsurers","tag-stephen-breen","tag-tradition","tag-vice-president","tag-warranties"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10624"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10624\/revisions"}],"predecessor-version":[{"id":40347,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10624\/revisions\/40347"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}