As Cyclone Yasi made landfall as a Category 4 storm on Australia's Queensland coast last week (3 February), reinsurance brokers transacted so-called livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses.
As Cyclone Yasi made landfall as a Category 4 storm on Australia's Queensland coast last week (3 February), reinsurance brokers transacted so-called livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses.