Can hybrid contract-for-difference swaps be far behind?
From Artemis, May 24:
ICMR index offers investment insight into specialty re/insurance performance
A newly launched equity index of Lloyd’s specialty insurance and reinsurance players provides a proxy for their performance and offers a glimpse of something that perhaps in future could become tradable to help investors track market returns.
Insurance Capital Markets Research (ICMR), a specialist analytics and consulting firm focused on insurance and reinsurance, has announced the launch of its equity index named the ICMR (Re)Insurance Specialty Equity Index, which can be found under the ticker symbols ‘RISX’ and ‘RISXNTR’ for a total return version.The RISX Index is being calculated and administered by Moorgate Benchmarks, a company focused on provision of financial metrics and indices.
The RISX is focused exclusively on publicly listed global insurance and reinsurance companies that control syndicates at Lloyd’s and targets provision of an equity benchmark better suited to specialty insurance and reinsurance underwriting than other, more generalist insurance equity indices....
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