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  • Trading platform IFEX is preparing to launch a range of European windstorm derivatives this year as part of a wider plan to expand its product base.
  • The traditional markets have started to woo energy companies into (re)insuring their liability exposures, with Munich Re announcing it had committed $2bn to a proposed industry offering.
  • Cat bond investors are lining up in numbers to buy French insurer Groupama's EUR100mn European wind transaction, Green Valley II, Trading Risk can reveal.
  • Hurricane Igor could strengthen into a powerful category 5 storm today, according to forecasts from the US National Hurricane Centre, although there is no immediate threat to land as the storm is still far out in the Atlantic Ocean.
  • French reinsurer Scor has closed a three-year contingent capital deal with Swiss bank UBS, in a move that would grant the firm EUR150mn of post-cat event equity.
  • Cat bond fund managers may have oversold what the sector can deliver to institutional investors, according to some presenters at Wednesday's Standard & Poor's ILS conference held in London.
  • Former reinsurance broker Tony Belisle has secured a draw-down facility of more than $1bn from institutional investors to launch a collateralised reinsurance cat fund on Bermuda.
  • Cat bond sales may struggle to reach $4bn this year in the absence of a major disaster, Standard & Poor's (S&P) analyst Dennis Sugrue said at a conference in London today (8 September).
  • ILS fund manager Secquaero Advisors has signed a deal with Australian boutique advisor Plus Capital to market its funds, joining the line-up of ILS managers keen to take advantage of the sophisticated institutional investment scene in Australia.
  • Damages from Hurricane Earl to the northeastern US are expected to be less than $400mn, according to forecasts from modelling firm Eqecat.