Following the devastating 2005 hurricane season that caused an estimated $79 billion in damage, it became apparent there is not unlimited capacity in the insurance industry to insure customer claims. In recognition, CME Group has developed three types of contracts for hurricane futures and options in six U.S. defined areas – the Gulf Coast, Florida, the Southern Atlantic Coast, the Northern Atlantic Coast, the Eastern U.S., and CHI-Cat-In-A-Box – Galveston-Mobile. The underlying indexes for Hurricane futures and options on futures will be calculated by Carvill, a leading independent reinsurance intermediary in specialty reinsurance that tracks and calculates hurricane activity.

CONTRACT TYPES
» Hurricane Event futures and options
» Hurricane Seasonal futures and options
» Hurricane Seasonal Maximum futures and options

To learn more about the hurricane contracts including contract specifications, click here.

To learn more about the Carvill Hurricane Index, click here.