Breaking News

Friday 25th January 2008: 09:21

Swiss Re joins Deutsche Bank as IFEX market maker

Insurance futures exchange IFEX has announced that Swiss Re Capital Markets will make markets in the US tropical wind event linked futures contracts listed on the Chicago Climate Futures Exchange.

IFEX said it is expected that Swiss Re will start market making in late February or early March.

Neil Eckert, IFEX chairman, said: "This is another exceptionally positive development for IFEX. We are delighted to see Swiss Re alongside our first market maker, Deutsche Bank. It is another major step in developing a liquid market. Early volumes are encouraging and new participants continue to sign up”.

Albert Selius, managing director in ILS Trading at Swiss Re, said: "We welcome this initiative and are pleased to support the development of insurance contracts in capital markets”.

Comment on this story (registered users only)

There aren’t any comments for this article yet

Login to add a comment

Need to register? Click Here