Carvill claims $60m derivatives traded on its CME contracts
Reinsurance broker Carvill has said that trading its Carvill Hurricane Index (CHI) contracts continues to grow on the Chicago Mercantile Exchange (CME) and the nominal value of derivatives traded has nearly hit $60m.
The broker said that in addition to exchange traded activity there is also considerable interest in bespoke over the counter (OTC) derivatives and more conventional reinsurance based on the index.
The
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